Analysts overhaul MicroStrategy stock price target amid bitcoin rally
Bernstein analyst Gautam Chhugani, who boosted his price target on MicroStrategy by $310 to $600 a share in a note published Monday, sees the group as a principal beneficiary. Chhugani estimates MicroStrategy owns around 1.7% of global bitcoin and says could grow to 4% over the next decade in his base-case scenario.
Shares of MicroStrategy (NASDAQ: MSTR) jumped 24.7% higher this week, according to data from S&P Global Market Intelligence.
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Two High-risk MicroStrategy leveraged ETFs are soaring, challenging Wall Street's capacity to handle extreme volatility.
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