According to BlockBeats news on November 25, analysts at research and brokerage firm Bernstein expect the amount of Bitcoin held by MicroStrategy to increase from 1.7% of the circulating supply to 4% over the next decade, and they have updated their target price for MicroStrategy stock (MSTR) to $600 by the end of 2025.
‘In our view, MicroStrategy's Bitcoin treasury model is unprecedented on Wall Street,’ wrote the analyst team led by Gautam Chhugani in a client report on Monday.
Bernstein had previously set a target price of $290 in June when the stock was trading at around $148. After rising nearly 100% in the past month and 509% year-to-date, this price target was reached on November 11. MicroStrategy's stock closed up 6.2% last Friday, at $421.88, which implies they see a 42% upside potential from the current level. Currently, MSTR's pre-market trading price is up 6%, at $447.70. (The Block)
