According to Deep Tide TechFlow news on November 25, analysts at Bernstein, a research and brokerage firm, expect the number of bitcoins 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 a team of analysts led by Gautam Chhugani in a client report on Monday. Bernstein previously set a target price of $290 in June when the stock was trading around $148.
After nearly a 100% increase in the past month and a 509% increase 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 believe the new target price has a 42% upside potential from current levels.
Currently, MSTR's pre-market trading price is up 6%, at $447.70.
