Benchmark: MicroStrategy price target raised to $1,875 from $990
Broker Benchmark stated in a research report on Monday that MicroStrategy (MSTR) is particularly capable of benefiting from the Bitcoin halving around April 20, when the new supply of Bitcoin will be reduced by 50%. Benchmark raised MicroStrategy's target price from $990 to $1,875 and maintained its buy rating. The new price target is based on the assumption that Bitcoin will reach $150,000 by the end of 2025, higher than the previous target of $125,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vitalik Buterin Boosts Tornado Cash Defense Fund with $240K Donation
Polymarket Betting Volumes Surge Beyond $2 Billion as U.S. Presidential Election Fuels Speculation
Ripple’s XRP Ledger Could See $50 Trillion in Volume, Predicts Archax CEO
UAE exempts crypto transfers, conversion from value-added tax
Trending news
MoreCrypto prices
More
