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BTIG raises MicroStrategy price target to $350 amid strong Q1 revenue and Bitcoin holdings.

Analyst Insights
06 May 2026
Andrew Wynn
View Source
Bullish
pluang ai news

BTIG has upgraded MicroStrategy's price target from $250 to $350, maintaining a 'Buy' rating due to the company's strong first-quarter revenue of $124.3 million and its significant Bitcoin holdings valued at $64.14 billion. Despite this optimism, the stock remains volatile, influenced by Bitcoin price fluctuations and new accounting rules requiring unrealized gains or losses on Bitcoin to be reported in earnings. Analysts see potential upside of around 118%, but investors should be aware of the risks tied to Bitcoin's market value and accounting impacts.

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