Up 125% for the Year, Is MicroStrategy Still a Buy?
There's no denying that (NASDAQ: MSTR) has been on an incredible run recently. For the year, the stock is up more than 125%. And over the past 12 months, MicroStrategy is up more than 442%.
A lot of that performance has to do with Bitcoin (CRYPTO: BTC), of course. MicroStrategy is the largest corporate holder of Bitcoin in the world, and the company's stratospheric stock gains have largely been a result of Bitcoin's strong performance. As long as Bitcoin soars upward, the thinking goes, MicroStrategy will follow. But is the case for buying MicroStrategy still that simple? Let's take a closer look.
First and foremost, investors need to be aware of the entirely new market dynamic created by the launch of the new spot Bitcoin ETFs in January. The new ETFs have been fantastic news for Bitcoin, sending it to a new all-time high of $73,750 in mid-March. And with MicroStrategy holding over 1% of all Bitcoin in the world, this upward momentum has had a very positive impact on MicroStrategy's stock price.
Source Fool.com
Microstrateg.a New Stock
Microstrateg.a New is currently one of the favorites of our community with 14 Buy predictions and no Sell predictions.
As a result the target price of 1749 € shows a slightly positive potential of 12.37% compared to the current price of 1556.5 € for Microstrateg.a New.
