CandleFocus

Wall street analyst predicts another 20% jump for MicroStrategy stock

Wall Street analysts predict a 20% increase in the stock price of MicroStrategy (MSTR) due to its crypto-driven strategy. Cantor Fitzgerald has raised its price target on MSTR from $518 to $613. The company's head of crypto research, Brett Knoblauch, believes that MSTR will reach this target as it has developed a capital markets flywheel that allows it to add Bitcoin on a per-share basis. The company has raised $18 billion in capital by leveraging Bitcoin's post-U.S. election surge. Knoblauch predicts that MicroStrategy can issue more equity, preferred shares, debt, and Bitcoin, supporting his price prediction. MicroStrategy is expected to continue earning a yield greater than 10% on Bitcoin until 2025. The company's "21/21" plan aims to accumulate $42 billion worth of BTC in the next three years. MicroStrategy recently purchased more BTC, fueling market optimism. The stock price of MSTR is closely correlated to the price of BTC due to the company's BTC ownership and acquisitions.

Related News