MicroStrategy Stock Rises Pre-Market As Mizuho Initiates Coverage With ‘Outperform’ Rating: Retail Remains Unsure
From StockTwits: 2025-01-29 08:32:16
MicroStrategy’s stock price received an ‘Outperform’ rating from Mizuho, with a target of $515, representing a 52% upside. The company has bought 471,107 Bitcoins at an average price of $64,511, worth $48.25 billion. MicroStrategy’s unrealized gains from Bitcoin purchases are currently at 58.7%. Analyst Dan Dolev believes that Bitcoin’s potential for appreciation will boost MSTR’s stock price. User sentiment on Stocktwits has turned cautious, with one suggesting that Bitcoin believers should hold the MSTR stock. Over the past six months, MicroStrategy’s stock price has nearly doubled, with a one-year return of 554%. Bitcoin has gained 47% in the same period, with a one-year performance of 136%.
Read more at StockTwits: MicroStrategy Stock Rises Pre-Market As Mizuho Initiates Coverage With ‘Outperform’ Rating: Retail Remains Unsure