Bernstein raises MicroStrategy price target to $600

Odaily News Analysts at research and brokerage firm Bernstein said they expect MicroStrategy's bitcoin holdings to increase from 1.7% of the circulating supply to 4% over the next decade, and updated their year-end 2025 price target for MicroStrategy stock (MSTR) to $600. "In our view, MicroStrategy's Bitcoin treasury model is unprecedented on Wall Street," the analyst team led by Gautam Chhugani wrote in a client note on Monday. Bernstein previously set a $290 price target in June, when the stock was trading around $148. That price target was hit on Nov. 11 after a nearly 100% gain over the past month and a 509% year-to-date gain. MicroStrategy shares closed up 6.2% at $421.88 on Friday, meaning they see a 42% upside potential from current levels to their new price target. MSTR is currently trading 6% higher at $447.70 in premarket trading. (The Block)