According to PANews on May 2, and reported by CoinDesk, Wall Street analysts support Strategy's $84 billion Bitcoin expansion '42/42 plan', with Benchmark and TD Cowen analysts reaffirming their buy ratings on the company, believing that its capital raising strategy is feasible, including:
1. Benchmark analyst Mark Palmer believes that Strategy has demonstrated its first-mover advantage in Bitcoin accumulation and has the ability to accelerate acquisitions, raising the company's target price to $650.
2. TD Cowen analyst Lance Vitanza believes that Strategy's market capitalization of $111 billion and strong trading liquidity enhance the credibility of the new financing plan, raising the company's target price to $550.
In addition, the two analysts praised Strategy's decision to raise its Bitcoin-related performance targets, including increasing the 2025 BTC yield target from 15% to 25%, and raising the BTC revenue target from $10 billion to $15 billion.
