Odaily Planet Daily News: Although MicroStrategy (MSTR) reported second-quarter revenue that fell short of expectations, Wall Street brokerage Benchmark still raised its target price for MSTR stock to $2,150 and gave it the highest rating. (The current share price is only $1,447) Benchmark analyst Mark Palmer wrote in a research report on Friday that MSTR's stock price has risen 1,206% since it adopted Bitcoin as its main reserve asset in August 2020. Since then, the stock's performance has been in stark contrast to Bitcoin (BTC), the S&P 500 and the Nasdaq, which have risen 442%, 64% and 60%, respectively. The company reported a net loss of $102.6 million in the second quarter on Thursday as it suffered an impairment loss of $180.1 million on its Bitcoin holdings. The company currently holds 226,500 bitcoins, with an average purchase price of $36,821 per coin. (Coindesk)
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Wall Street brokerage firm Benchmark raises MicroStrategy (MSTR) target price to $2,150
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