Cantor Fitzgerald raises MSTR price target to $208, bullish on Bitcoin reaching $112,000 in the next 12 months.

BlockBeats news, October 16 - Investment bank Cantor Fitzgerald today raised its price target on Strategy (Nasdaq: MSTR) from $186 to $208, maintaining an Overweight rating.

Analyst Ramsey El-Assal raised his 12-month Bitcoin price forecast in a new report from $98,000 to $112,000. The report also updated the company's latest Bitcoin holdings data (approximately 848,000 coins) and raised its enterprise value estimate from approximately $97 billion to approximately $110 billion. The adjustment reflects the analyst's more optimistic assessment of the value of Strategy's Bitcoin reserves, though the market is still watching related risks such as the company potentially being removed from certain MSCI indices.