Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries MicroStrategy stock rallies on a super bullish analyst note By: Invezz April 08, 2024 at 09:07 AM EDT MicroStrategy Inc (NASDAQ: MSTR) is up more than 10% on Monday after a Benchmark analyst issued a super bullish note in its favour.Why is Benchmark bullish on MicroStrategy stock?Mark Palmer reiterated his “buy” rating on the business intelligence company that owns close to a quarter-million Bitcoin and said its shares could climb to $1,875.Watch here: https://www.youtube.com/embed/PGTQIl7GtMA?feature=oembedThe analyst is positive on MicroStrategy stock as he expects the world’s largest cryptocurrency to hit $150,000 by the end of next year on the upcoming halving and recently approved Bitcoin ETFs.While halving will create a supply shock, we believe the event’s impact could be magnified by concurrent demand shock created by the emergence of spot bitcoin exchange-traded funds.Note that $MSTR is already more than tripled since its year-to-date low in late January.$MSTR will continue to invest in Bitcoin (BTC)Mark Palmer is convinced that MicroStrategy Inc will continue to use cash from its enterprise software business to buy more Bitcoin.At the end of 2025, he expects the Nasdaq-listed firm to be holding 298,246 BTC versus 214,246 at writing.The Benchmark analyst agreed that MicroStrategy shares are currently trading at a premium but dubbed it justified considering due to the company’s “demonstrated ability to tap capital markets at attractive interest rates … and then using proceeds to purchase more BTC”.Palmer remains bullish on $MSTR even though it reported a 6.1% decline in its fourth-quarter revenue to $124.5 million in February that came in below $132.9 million expected.The post MicroStrategy stock rallies on a super bullish analyst note appeared first on Invezz Related Stocks: Bio-Techne Corp Liberty All Star Equity Fund Microstrategy Cl A Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
MicroStrategy stock rallies on a super bullish analyst note By: Invezz April 08, 2024 at 09:07 AM EDT MicroStrategy Inc (NASDAQ: MSTR) is up more than 10% on Monday after a Benchmark analyst issued a super bullish note in its favour.Why is Benchmark bullish on MicroStrategy stock?Mark Palmer reiterated his “buy” rating on the business intelligence company that owns close to a quarter-million Bitcoin and said its shares could climb to $1,875.Watch here: https://www.youtube.com/embed/PGTQIl7GtMA?feature=oembedThe analyst is positive on MicroStrategy stock as he expects the world’s largest cryptocurrency to hit $150,000 by the end of next year on the upcoming halving and recently approved Bitcoin ETFs.While halving will create a supply shock, we believe the event’s impact could be magnified by concurrent demand shock created by the emergence of spot bitcoin exchange-traded funds.Note that $MSTR is already more than tripled since its year-to-date low in late January.$MSTR will continue to invest in Bitcoin (BTC)Mark Palmer is convinced that MicroStrategy Inc will continue to use cash from its enterprise software business to buy more Bitcoin.At the end of 2025, he expects the Nasdaq-listed firm to be holding 298,246 BTC versus 214,246 at writing.The Benchmark analyst agreed that MicroStrategy shares are currently trading at a premium but dubbed it justified considering due to the company’s “demonstrated ability to tap capital markets at attractive interest rates … and then using proceeds to purchase more BTC”.Palmer remains bullish on $MSTR even though it reported a 6.1% decline in its fourth-quarter revenue to $124.5 million in February that came in below $132.9 million expected.The post MicroStrategy stock rallies on a super bullish analyst note appeared first on Invezz Related Stocks: Bio-Techne Corp Liberty All Star Equity Fund Microstrategy Cl A
