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MicroStrategy stock’s run has been promising so far, but here’s what could go wrong
MicroStrategy (MSTR) has become the poster child for Bitcoin investment, with its shares surging over 450% in the past year, outperforming Bitcoin itself, which has doubled since January 2024. Wall Street analysts have also remained bullish on the MSTR stock. The consensus price target for the company’s stock is just under $550, which represents a potential upside of 70% from its current levels. The optimism stems from expectations that Bitcoin prices will continue to climb, a prospect that has fuelled MicroStrategy’s aggressive capital-raising efforts. However, investors must remain cautious. MicroStrategy’s ... (full story)
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- Posted: Jan 9, 2025 8:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 92
