MicroStrategy Eyes More Gains on Bitcoin Halving After 150% Rally
- BTIG boosts price target to $1,800, sees $2,700 bull case
- Analyst expects stock rally to pickup steam on Bitcoin halving
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MicroStrategy Inc.’s 150% surge — driven by a big bet on Bitcoin — has the scope to climb even further as the cryptocurrency soars, according to analysts at BTIG.
Analyst Andrew Harte boosted his price target to $1,800 Friday, implying the shares could advance at least another 10% from recent trading. That’s more than double his prior target of $780.