## Analysts Bullish on Strategy's Bitcoin Bet Following Strategy's (formerly MicroStrategy) announcement of its ambitious 42/42 plan to raise $8.4 billion for Bitcoin purchases, Wall Street analysts are increasingly optimistic. The company's Q1 earnings and commitment to accumulating more Bitcoin have spurred upward revisions in target prices. ## Target Price Hikes Follow Bitcoin Strategy Benchmark analyst Mark Palmer, as reported by CoinDesk, raised the MSTR target price to $650. He highlighted Strategy's proven track record in Bitcoin acquisition, stating, "Strategy has proven its advantage as a leader in Bitcoin acquisition. We believe in the company's ability to accelerate further purchases." TD Cowen analyst Lance Vitanza echoed this sentiment, raising the target price to $550. Vitanza emphasized the increasing credibility of Strategy's funding plan due to its market value and trading liquidity. These analysts believe that Strategy's aggressive Bitcoin strategy will ultimately benefit the company and its shareholders. The raised target prices reflect growing confidence in MSTR's potential as a Bitcoin proxy. ```

#BTC