TD Cowen raises Strategy price target to $680, with upside case for Bitcoin of $155,000 by December
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最新报道：TD Cowen increased its price target for MicroStrategy (MSTR) from $590 to $680, citing potential upside as the company holds 601,550 BTC—the largest corporate Bitcoin treasury. The firm projects Bitcoin could reach $155,000 by December, boosting MSTR's value. MicroStrategy recently acquired 4,225 more BTC for $472.5 million, averaging $111,827 per Bitcoin. TD Cowen noted MSTR's shift from defensive BTC holdings to an aggressive shareholder value strategy, funded by debt and equity offerings. The firm's base Bitcoin forecast is $128,000 by year-end, with a downside scenario of $55,000. MSTR plans to raise $84 billion via its "42/42" plan to expand its BTC holdings, targeting nearly 900,000 BTC by 2027. The stock rose 3% to $448.20 following the report.
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