Analysts at TD Cowen think shares in Bitcoin treasury firm Strategy (MSTR) could jump as much as 139% to $400 per share in the next 12 months.
The new forecast reflects a $5 per share bump, up from the analysts’ previous $395 price target. TD Cowen’s bullish update comes one day after the company announced it added $2 billion worth of Bitcoin over the previous week.
“Strategy’s treasury operations continue to exceed expectations, with faster-than-anticipated Bitcoin accumulation and accretive balance sheet actions driving higher BTC per share and improved financial flexibility,” TD Cowen analysts wrote.
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