BlockBeats announced on November 25 that Bernstein, a research and brokerage firm, has stated that they expect the Bitcoin holdings of MicroStrategy to increase from 1.7% to 4% of the circulating supply in the next ten years. Additionally, Bernstein updated their year-end 2025 price target for MicroStrategy stock (MSTR) to $600.
A team of analysts led by Gautam Chhugani wrote in a client note that MicroStrategy’s Bitcoin treasury model is unprecedented on Wall Street. Previously, Bernstein had set a $290 price target in June when the stock was trading around $148. This price target was reached on November 11 after rising almost 100% in the past month and 509% year-to-date.
MicroStrategy shares closed up 6.2% on Friday at $421.88, indicating that they have 42% upside potential from their current levels with the new price target. Currently, MSTR is trading up 6% in pre-market trading at $447.70. (The Block)
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