⚡MicroStrategy and the Bitcoin effect⚡
📊 #MicroStrategy shares are shining on the stock market. The company founded by Michael Saylor has appreciated more than 200% so far this year, influenced by the #Bitcoin effect.
🌐 This rise has caused many analysts to be very skeptical of the value, pointing out that it could be overbought, although Benchmark strategists distance themselves from this group.
✒️ The firm believes that the "unique value" that MicroStrategy represents for the company's shareholders, and the ability to generate a compound return on their#Bitcoinholdings, is being overlooked.
✍🏻 "Using what management describes as 'smart leverage', it differentiates its actions from other alternative means of gaining exposure to #Bitcoin, such as #ETF ," Benchmark points out.
✏️ It has reiterated its 'buy' recommendation on the company's shares, for which it has also raised its target price: from $215 to $245.
📉 Since the last closing prices ($206.19), the valuation of #Benchmark draws a potential revaluation of close to 19% for the American firm.
