MicroStrategy (MSTR) Bull Doubles Down on The Stock by Raising Price Target to Street High of $2,150

Since adopting bitcoin as its primary treasury reserve asset in August 2020, Executive Chairman Michael Saylor-led company has appreciated 1,206%, Benchmark’s analyst Mark Palmer wrote in a research report on Friday. The stock’s performance, since then, stands in contrast to bitcoin (BTC), the S&P 500 and Nasdaq which have gained 442% 64% and 60%, respectively, he noted.