TD Cowen analyst Lance Vitanza maintains $MicroStrategy (MSTR.US)$ with a buy rating, and adjusts the target price from $200 to $300.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 30.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MicroStrategy (MSTR.US)$'s main analysts recently are as follows:
The firm noted that while MicroStrategy's operating results were satisfactory, they were eclipsed by an aggressive new capital strategy designed to reinforce the company's status as a foremost Bitcoin Treasury entity.
In light of their third-quarter report, MicroStrategy has revealed plans to raise $42 billion in the coming three years. The strategy involves obtaining $21 billion through equity offerings and an equal amount through fixed income instruments, with the objective of purchasing more bitcoin. The company's approach of effectively raising capital to buy bitcoin and its intention to acquire an additional $42 billion worth of bitcoin over the next three years contribute to the stock's premium over the spot value of its bitcoin assets.
Note:
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