According to the investment magazine Barrons, the American investment bank Benchmark maintains its buy rating for MicroStrategy (NASDAQ: MSTR). In a recent note, Benchmark set a price target of $650 for MSTR, representing a substantial premium to its current trading price of around $326. Benchmark's price target is based on its positive outlook for MicroStrategy's business, particularly its exposure to Bitcoin (BTC). MicroStrategy is one of the largest corporate holders of Bitcoin, with over 130,000 BTC on its balance sheet. Benchmark believes that the rising price of Bitcoin will significantly benefit MicroStrategy's financials in the long run. "We believe that MicroStrategy is well-positioned to benefit from the continued adoption of Bitcoin," Benchmark analysts wrote in their note. "The company's large Bitcoin holdings give it a unique advantage in this emerging asset class." Benchmark's price target is in line with other analysts' expectations. In a recent survey by FactSet, analysts have an average price target of $496 for MSTR, with a range of $350 to $650.

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