MicroStrategy stock rallies on a super bullish analyst note

MicroStrategy stock rallies on a super bullish analyst note
фото показано с : invezz.com

2024-4-9 16:07

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=oembed

The 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

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Benchmark (BMK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 BMK

bullish microstrategy benchmark analyst note super stock

bullish microstrategy → Результатов: 59


Фото:

MicroStrategy’s Michael Saylor cites spot Bitcoin ETF applications, upcoming halving as bullish signals

Michael Saylor, founder and executive chairman of MicroStrategy, discussed his company’s Bitcoin investments during an interview with CNBC on Nov. 2. Saylor first commented on his company’s total holdings of 158,400 BTC, stating: “You can never have too much Bitcoin … we’re big bitcoin bulls.

2023-11-3 23:40


Michael Saylor is bullish on Bitcoin but sceptic on all other crypto

Michael Saylor reiterates his bullish view on Bitcoin. MicroStrategy Inc currently has about 140,000 BTC. Bitcoin has lost nearly 10% from its high in April. Bitcoin has lost nearly 10% in recent weeks but the pullback is only an opportunity to build a position as far as Michael Saylor – Chairman of MicroStrategy Inc is […] The post Michael Saylor is bullish on Bitcoin but sceptic on all other crypto appeared first on CoinJournal.

2023-5-20 01:00


Фото:

“Eventually, Bitcoin Will Become A $100 Trillion Asset Class,” MicroStrategy’s Saylor Shares Key Catalyst

MicroStrategy CEO Michael Saylor does not see the Bitcoin bullish run settling any time soon until the asset realizes a $100 Trillion market capitalization threshold. Speaking on Wednesday, the billionaire who has become a key influencer in the crypto market with his Bitcoin gambits, expressed his confidence in Bitcoin’s continued rally which he believes is […]

2021-12-1 18:14


Фото:

MicroStrategy Rakes In Over $2 Billion From Its Bitcoin Holdings In October

Key takeaways Institutions secure huge ROI following Bitcoin’s bullish October run. MicroStrategy has gained over $2 billion in October alone on its Bitcoin holdings. With the surge in the price of Bitcoin in October, many institutions that invested in the top cryptocurrency have recorded massive gains on their holdings. Worthy of note among them is […]

2021-10-29 21:43


MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO

MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor.

2021-10-30 20:00


Фото:

MicroStrategy’s Saylor On Why China Banning Bitcoin Mining Completely Could Ignite The Most Bullish Cycle

The Chinese government has made its intention to crack down on Bitcoin mining public, with Premier Liu He announcing as much this Friday. The world’s most expensive digital currency has undergone a massive bearish move over the past week, with Elon Musk poking a hole in pertinent affairs and news of China’s strengthened stance breaking […]

2021-5-22 18:06


Фото:

Michael Saylor is extremely bullish on Bitcoin for these significant reasons

Michael Saylor of Microstrategy is arguably one of the biggest players whose arrival in the Bitcoin market can be credited for influencing the arrival of other traditional counterparts. The company’s leader who had previously called Bitcoin a “bubble” quickly turned into a Bitcoin evangelist, with the buying of large amounts of Bitcoin morphing into a […]

2021-2-23 21:51