Canaccord Raises MicroStrategy Price Target

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Canaccord raises price target for MicroStrategy stock (MSTR) to $300

Summary

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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.

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