TD Cowen raised the firm’s price target on MicroStrategy (MSTR) to $300 from $200 and keeps a Buy rating on the shares. The firm said benign operating results were overshadowed by an ambitious new capital plan intended to solidify MicroStrategy’s position as the world s leading Bitcoin Treasury Company.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR:
- MicroStrategy price target raised to $300 from $245 at Benchmark
- MicroStrategy price target raised to $290 from $240 at BTIG
- MicroStrategy’s Q3 2024: Strategic Moves Amid Losses
- MicroStrategy aims to raise $42B over next 3 years to buy more bitcoin
- MSTR Earnings: Microstrategy Plunges amid EPS Miss and Plan to Raise $42B