TD Cowen raised the firm’s price target on MicroStrategy to $870 from $820 and keeps an Outperform rating on the shares. The firm noted they acquired 3000 more bitcoin and said this is not a short-term trading strategy but rather reflects a belief that bitcoin will ultimately prove a superior store of value.
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Read More on MSTR:
- Here’s What You Missed in Crypto This Week
- MicroStrategy price target raised to $780 from $650 at BTIG
- Microstrategy’s New Accounting & Financial Operations Risk – A Cause for Worry?
- Bitcoin (BTC-USD) Stays Above $50,000, Bitcoin Stocks Mixed
- MicroStrategy price target raised to $820 from $580 at TD Cowen