Bernstein Raises MicroStrategy Price Target to $600

BlockBeats News, November 25th, Analysts from research and brokerage firm Bernstein stated that they expect the amount of Bitcoin held by MicroStrategy to increase from 1.7% of the circulating supply to 4% over the next decade, and they have updated their price target for MicroStrategy stock (MSTR) to $600 by the end of 2025.

“In our view, MicroStrategy’s Bitcoin treasury strategy is unprecedented on Wall Street,” wrote the analyst team led by Gautam Chhugani in a client report on Monday.

Bernstein had previously set a target price of $290 in June when the stock was trading around $148. After a nearly 100% increase in the past month and a 509% increase year-to-date, the price target was hit on November 11th. MicroStrategy's stock closed up 6.2% last Friday at $421.88, indicating that they believe the new target price has a 42% upside potential from the current level. Currently, MSTR is up 6% in pre-market trading at $447.70. (The Block)