Benchmark predicts MicroStrategy's stock to rally due to Bitcoin halving, raising its price target to $1,875.
MicroStrategy should continue to rally as Bitcoin halving nears, predicts Benchmark. The software company is well positioned to benefit from the upcoming bitcoin halving, with a price target raised to $1,875 from $990. The broker also raised its bitcoin 2025 year-end price forecast to $150,000. MicroStrategy's exposure to Bitcoin has driven significant stock growth, and the company's positioning before the halving event is seen as a key driver for further gains.
April 08, 2024
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