coin-img-ETHETH+1.51%coin-img-BTCBTC+2.31%coin-img-SOLSOL-0.71%coin-img-XRPXRP+0.51%coin-img-USDCUSDC+0.01%coin-img-BNBBNB-1.29%coin-img-PENGUINPENGUIN+31.96%coin-img-TRXTRX+0.90%coin-img-ETHETH+1.51%coin-img-BTCBTC+2.31%coin-img-SOLSOL-0.71%coin-img-XRPXRP+0.51%coin-img-USDCUSDC+0.01%coin-img-BNBBNB-1.29%coin-img-PENGUINPENGUIN+31.96%coin-img-TRXTRX+0.90%coin-img-ETHETH+1.51%coin-img-BTCBTC+2.31%coin-img-SOLSOL-0.71%coin-img-XRPXRP+0.51%coin-img-USDCUSDC+0.01%coin-img-BNBBNB-1.29%coin-img-PENGUINPENGUIN+31.96%coin-img-TRXTRX+0.90%coin-img-ETHETH+1.51%coin-img-BTCBTC+2.31%coin-img-SOLSOL-0.71%coin-img-XRPXRP+0.51%coin-img-USDCUSDC+0.01%coin-img-BNBBNB-1.29%coin-img-PENGUINPENGUIN+31.96%coin-img-TRXTRX+0.90%
user-avatar
Olivia Stephanie

MicroStrategy Jumps 20% as TD Cowen Reiterates $440 Price Target and BTC Recovers

MicroStrategy's MSTR shares climbed more than 20%, rebounding from a prior low near $107 to trade around $128, as Bitcoin moved back above $69,000. TD Cowen analyst Lance Vitanza reaffirmed a Buy rating and a $440 price target, highlighting the firm's $2.25 billion cash position and ability to handle a deeper BTC downturn. Company executives reiterated that they do not expect to liquidate Bitcoin holdings unless the price falls to about $8,000 and signaled plans to keep accumulating during market weakness.
BTC
BTC+2.32%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks