microstratgy - TD Cowen Raises MicroStrategy Price Target to $395 on Bitcoin Strategy Efficiency
Research and brokerage firm TD Cowen has increased its price target for MicroStrategy (NASDAQ: MSTR) to $395 from $385, signaling continued confidence in the company’s unconventional approach to capital management and Bitcoin accumulation. The revised target reflects what the firm describes as higher-than-expected capital efficiency derived from MicroStrategy’s use of preferred stock issuance to fund its Bitcoin purchases.
Capital Efficiency Through Preferred Stock
TD Cowen’s