MSTR - Benchmark Predicts $990 High For MicroStrategy Foresees Bitcoin Rally To $125K | Benzinga
Benchmark, an investment banking firm, said it has begun covering MicroStrategy Inc (NASDAQ:MSTR) as per a Tuesday research report.
What Happened: The research revealed that Benchmark had set a ‘buy’ recommendation for MicroStrategy’s shares, assigning a price target of $990.
Benchmark Senior Equity Research Analyst Mark Palmer pointed out potential catalysts to amplify Bitcoin’s (CRYPTO: BTC) value in the coming years. “We believe the boost in demand for bitcoin resulting from the launch of multiple spot bitcoin ETFs, combined with the reduced pace of supply resulting from the halving, has the potential to drive the price of the ...