Bullish
Citi raises MicroStrategy's price target to $240, stock gains 2.7% premarket.
Citi analysts have increased their price target for MicroStrategy (MSTR) to $240 from $136, citing expectations of a higher Bitcoin price and an expansion in the company's valuation multiple relative to its crypto holdings. This revision led to a 2.7% rise in MSTR's premarket trading.
Key points
- Citi's price target raised to $240, up from $136.
- Revised target reflects anticipated Bitcoin price increase and valuation expansion.
- MSTR stock gained 2.7% in premarket trading following the announcement.
Sources
AI-generated from public news sources. Not financial advice.
