Summary
Benchmark has raised MicroStrategy’s price target to $1,875 from $990, citing the potential rise of bitcoin to $150,000 by 2025. MicroStrategy shares rose over 11% in anticipation of this news.
Key Points
1. Benchmark raised MicroStrategy’s price target to $1,875 from $990.
2. The new price target is based on the assumption that bitcoin will reach $150,000 by the end of 2025.
3. MicroStrategy shares rose more than 11% to around $1,601 in trading before the official open of U.S. markets.