MicroStrategy Analyst Projects 64% Upside To Stock Based On Bitcoin Acquisition Strategy
Portfolio Pulse from Ivan Crnogatić
Bernstein analysts project a 64% upside for MicroStrategy's stock, setting a $290 price target based on its Bitcoin acquisition strategy. The company's substantial Bitcoin holdings and the assumption of Bitcoin reaching $1 million by 2033 underpin this optimistic outlook. However, risks include potential Bitcoin price stagnation, which could force asset sales.
October 07, 2024 | 6:40 pm
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Bernstein analysts have set a $290 price target for MicroStrategy, indicating a 64% potential upside due to its Bitcoin acquisition strategy. The company's significant Bitcoin holdings and the assumption of Bitcoin reaching $1 million by 2033 support this outlook. However, risks include potential Bitcoin price stagnation, which could force asset sales.
The analysts' price target suggests a significant upside for MSTR, driven by its Bitcoin strategy. The company's large Bitcoin holdings and the bullish assumption of Bitcoin's future price are key factors. However, potential risks include Bitcoin price stagnation, which could impact MSTR's financial stability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100