Canaccord cuts MicroStrategy price target to $1,590 from $1,810
Golden Finance reported that brokerage Canaccord lowered MicroStrategy's target price from $1,810 to $1,590, while maintaining a buy rating. The stock fell 2.5% to $1,261 in after-hours trading. The report said the company bought more Bitcoin in the first quarter and currently owns a total of 214,400 Bitcoins, worth about $13.6 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Benchmark analyst reiterates "Buy" rating on Japanese crypto company Metaplanet
GAIN official: Investigating issues related to abnormal token over-issuance
Data: 10 addresses received a total of 210,000 ETH within 6 hours, worth approximately $863 millions.
Trending news
MoreCrypto prices
More
