MicroStrategy Stock Upgraded on Bullish Bitcoin Outlook Tied to Upcoming Halving Event

MicroStrategy (MSTR) is seen as a leveraged play on Bitcoin that can benefit from the upcoming Bitcoin halving event on April 20.

Analyst Mark Palmer reiterated a Buy rating on MSTR and raised his price target to a Street-high of $1,875 based on his bullish Bitcoin outlook.

Palmer estimates MSTR will have accumulated 298,246 bitcoins by the end of 2025, funded by capital raises and surplus cash from its software business.

Factors supporting MSTR trading at a premium to net asset value include its proven ability to raise capital at favorable rates to fund more Bitcoin purchases.

The Street overwhelmingly agrees with the bullish view on MSTR with a Strong Buy consensus rating based on upside potential of 22-32%.