Barclays Raise Microstrategy Stock Price Post BTC Rally: Target $225
Barclays, a leading financial behemoth, has raised the share price target of Microstrategy, a company synonymous with Bitcoin, as BTC took a new ascending price route, rallying past $66K on Tuesday. The analyst has amped the MSTR price target from $173 to $225, adding how Microstrategy’s Bitcoin hoarding strategy may fare well for its stock in the long haul. Also Read: Ripple: XRP To Breakout Within 70 Days, Says Analyst Microstrategy Shares To Soar To $225? Source: ENCRYPTOBYTE Microstrategy is a leading company that delivers services in business intelligence, mobile software, and cloud-based services. Apart from disseminating stellar corporate services, the company is boldly known for hoarding Bitcoin, boasting a massive stash exceeding 252,000 BTC. The recent Bitcoin rally has proven lucrative for Microstrategy, as the company has relatively close links with Bitcoin. As Bitcoin soared to $67K, the recent price rally also compelled MSTR stock to gain market prominence. Historically,