Strategy's Bitcoin Growth Report: A Perspective from Wall Street
Wall Street analysts have expressed support for Strategy's 84 billion USD Bitcoin expansion plan, known as the "42/42 Plan." Analysts from Benchmark and TD Cowen have maintained a buy rating for this company, believing that their fundraising strategy is feasible.
Mark Palmer from Benchmark emphasizes Strategy's first-mover advantage in accumulating Bitcoin. He believes that the company has the ability to accelerate purchases and raise the company's target price to 650 USD.
Lance Vitanza from TD Cowen acknowledges that the market value of 111 billion USD and strong liquidity enhance the reliability of the new funding plan while raising the company's target price to 550 USD.
Both analysts also praised Strategy for raising its performance targets related to Bitcoin. They have increased the 2025 Bitcoin profitability target from 15% to 25% and the revenue target from Bitcoin from 10 billion USD to 15 billion USD.
(This content is for informational purposes only and does not constitute investment advice.)
Source: https://tintucbitcoin.com/chien-luoc-42-42-mo-rong-bitcoin-84-ty-usd/
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