MicroStrategy Stock Continues To Climb: What’s Going On?

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher Tuesday. Benchmark raised its price target after the company announced plans to buy more Bitcoin (CRYPTO: BTC).

What Happened: Benchmark analyst Mark Palmer maintained MicroStrategy with a Buy rating on Tuesday and raised the price target from $300 to $450.

Palmer joins multiple other analysts who have adjusted price targets since MicroStrategy reported third-quarter financial results and announced plans to raise $42 billion over the next three years to keep …

Full story available on Benzinga.com