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Berenberg Analysts: Raise MicroStrategy Price Target to $510 on Favorable Bitcoin Expectations

Berenberg Analysts: Raise MicroStrategy Price Target to $510 on Favorable Bitcoin Expectations

2023/07/13 11:28

Analysts at Berenberg Capital Markets reiterated their 'Buy' rating on MicroStrategy and raised their price target to $510 from $430 due to the "increasingly favorable environment for bitcoin institutional adoption," the analysts said in a report.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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