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Canaccord raised its price target for MicroStrategy stock (MSTR) to $ 300 from $ 173 , as it keeps a “Buy” rating on the stock.
Analysts noted that such a leverage strategy for MSTR allows the stock to maintain or even extend its premium over the Bitcoin spot price.
MSTR ’s stock has outperformed the broader stock market and Bitcoin , proving its leverage toward maximum shareholder returns when the cryptocurrency rises.
Bitcoin & Altcoins rally ahead as US Job Data Signals Bitcoin and Altcoins Rally ahead.
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