MicroStrategy Earns 'Buy' Rating and $2,890 Price Target from Bernstein

Published 2 hours agoMSTR

MicroStrategy Earns 'Buy' Rating and $2,890 Price Target from Bernstein

On April 30, 2025, Bernstein issued a "Buy" rating for MicroStrategy Incorporated (NASDAQ: MSTR), setting an ambitious price target of $2,890. This reflects a strong vote of confidence in the company's strategic positioning, particularly related to its cryptocurrency holdings, as reported by TipRanks.

MicroStrategy's stock was trading at $383.2, showing a minor change of $1.75 from the previous close. The stock opened at $373.5, with an intraday high of $383.51 and a low of $362.515. Trading volume was notable with 8,724,562 shares exchanged. This trading activity underscores investor interest amid the company's efforts to capitalize on Bitcoin's volatility.

Recently, MicroStrategy announced it plans to increase its convertible debt offering to $700 million from an initially planned $500 million due to strong investor interest. The funds are earmarked for acquiring more Bitcoin and other corporate purposes. This move aligns with MicroStrategy's well-documented strategy of leveraging Bitcoin, potentially enhancing its stock value, especially if Bitcoin prices reach analyst Gautam Chhugani's projections of $200,000 by 2025.

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