$MSTR - CANACCORD BOOSTS STRATEGY TARGET AS BITCOIN RALLIES Canaccord raised its price target on MSTR to $224 from $185, keeping a Buy rati…
$MSTR - CANACCORD BOOSTS STRATEGY TARGET AS BITCOIN RALLIES
Canaccord raised its price target on MSTR to $224 from $185, keeping a Buy rating as Bitcoin climbed back above $80,000.
Analyst Joe Vafi said Strategy’s aggressive Bitcoin acquisition model continues to perform well, with Bitcoin per-share holdings up 9.4% this year.
The firm also highlighted Strategy’s new STRC preferred shares, calling them an attractive income product that could help fund more Bitcoin purchases without diluting shareholders.
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