On Nov 01, major Wall Street analysts update their ratings for $MicroStrategy (MSTR.US)$, with price targets ranging from $270 to $312.
TD Cowen analyst Lance Vitanza maintains with a buy rating, and adjusts the target price from $200 to $300.
BTIG analyst Andrew Harte maintains with a buy rating, and adjusts the target price from $240 to $290.
Cantor Fitzgerald analyst Brett Knoblauch maintains with a buy rating, and adjusts the target price from $194 to $312.
Benchmark Co. analyst Mark Palmer maintains with a buy rating, and adjusts the target price from $245 to $300.
Maxim Group analyst Matthew Galinko maintains with a buy rating, and adjusts the target price from $193 to $270.
Furthermore, according to the comprehensive report, the opinions of $MicroStrategy (MSTR.US)$'s main analysts recently are as follows:
The firm noted that while the operating results were satisfactory, it was the bold new capital strategy aimed at reinforcing MicroStrategy's status as a premier Bitcoin Treasury Company that captured attention.
In light of the Q3 report, MicroStrategy unveiled a substantial capital acquisition strategy, targeting a $42B fundraise over the coming three years. The company's approach involves obtaining $21B through equity offerings and an equal amount through debt instruments, with the objective of expanding its bitcoin portfolio. The rationale behind the company's market premium compared to the spot value of its bitcoin assets is attributed to its historical success in enhancing bitcoin yield through strategic capital raises aimed at purchasing more bitcoin, coupled with its ambitious plans to secure an additional $42B in bitcoin over the next three years.
Here are the latest investment ratings and price targets for $MicroStrategy (MSTR.US)$ from 6 analysts:
Note:
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