MicroStrategy receives a buy rating and a target price of $990 in Benchmark report
Investment bank Benchmark has initiated coverage of MicroStrategy, giving it a buy rating with a target price of $990. This forecast is based on the estimated valuation of the company's Bitcoin holdings by the end of 2025 and the estimated value of its business intelligence software activities by the end of 2025. Benchmark believes that the approval of multiple physically-backed Bitcoin ETFs and the upcoming halving could serve as catalysts for the price of Bitcoin, influencing their price forecast. MicroStrategy's stock is currently trading at $860.75, rising over 8% in early Tuesday trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
