MicroStrategy shares are trading higher after TD Cowen raised its price target on the stock from $1,220 to $1,560.
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy's stock price increased following an upgrade by TD Cowen, which raised its price target from $1,220 to $1,560.
March 12, 2024 | 11:00 am
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MicroStrategy's stock price is likely to experience a short-term increase following the raised price target by TD Cowen from $1,220 to $1,560.
Price target upgrades by reputable financial institutions like TD Cowen often lead to increased investor confidence and a subsequent rise in stock prices. Given the significant raise from $1,220 to $1,560, it indicates a strong bullish outlook on MicroStrategy, likely attracting more investors to the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100