TD Cowen has reiterated its $680 target price for MicroStrategy (MSTR) stock, citing a 20.8% increase in Bitcoin per share since the start of the year. The investment bank noted that MicroStrategy's recent acquisition of 6,220 BTC has contributed to this growth. TD Cowen also projected that by 2027, MicroStrategy could hold nearly 900,000 BTC, with its Bitcoin Treasury strategy continuing to drive value.
TD Cowen Reaffirms $680 Target for MicroStrategy as Bitcoin Holdings Grow
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