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Top related persons:
MicroStrategy - 4 Bitcoin - 2 — - 2 bitcoin - 2 Bernstein - 2 Gautam Chhugani - 2 Chhugani - 2 Geoff Kendrick - 1
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lockstep Capri HNST
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Service - 2 BTC - 2 Chartered - 1 MicroStrategy - 1 Standard - 1 SAB - 1 bitcoin - 1 Kendrick - 1

Search resuls for: "MSTR's"


5 mentions found


☆ Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
  + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
Bitcoin could hit a fresh all-time high ahead of the presidential election, Standard Chartered says. Standard Chartered estimates bitcoin could hit $73,800 in the next few weeks. In new research, head of digital asset research Geoff Kendrick estimated that the token could hit $73,800 before November's US presidential election, a 12% gain from current levels. Second, SAB 121 exemptions go hand-in-hand with MicroStrategy's announced plan to become a "bitcoin bank," offering bitcoin capital market instruments down the road. In Kendrick's mind, the outcome of the presidential election is secondary to these bullish forces, with both Trump and Harris victories boding well for the token.
Persons: Bitcoin, —, Geoff Kendrick, Kendrick, bitcoin, MicroStrategy, Geoffrey Kendrick, BNY Mellon, MicroStrategy's, Harris, Donald Trump Organizations: Chartered, Service, MicroStrategy, Standard, SAB, bitcoin, Kendrick, Trump, Republican, White Locations: lockstep
☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Disney, Gap, Ford, Rivian, Apple, Tesla, Uber, Exxon & more
  + stars: | 2024-06-25 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Tuesday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm named Nvidia to its best-of-breed list. Goldman Sachs reiterates Microsoft as buy Goldman said it's sticking with its buy rating on the stock. "We reiterate our Buy rating ($515 Price Target) on Microsoft as we see the company yielding strong returns on its Gen-AI investments." "We are initiating on Carpenter Technology (CRS) with a Buy rating and $144 target price (47% upside potential)." "We are initiating coverage on Rivian Automotive, Inc. (RIVN) with a BUY rating and $18 PT."
Persons: BoB, Goldman Sachs, Goldman, it's, TD Cowen, Zeta, Raymond James downgrades Penn, Raymond James, Wells, Tapestry's, Tesla, Piper Sandler, Uber, Piper, AMZN, Morgan Stanley, Ford, Evercore, Truist, Guggenheim, Rivian, Robinson, CHRW, Maxim, MicroStrategy Organizations: Bank of America, Nvidia, Disney, Microsoft, Technology, RBC, Zeta Global, PENN, UBS, Exxon, Deutsche Bank, Carpenter Technology, Tesla, Ford, TAP, Ball Corp, Rivian Automotive, Inc, Apple Locations: Capri, HNST
☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
  + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.
Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC
☆ Bernstein says MicroStrategy is 'building the world's largest bitcoin company' and has 80% upside
  + stars: | 2024-06-14 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
MicroStrategy can run another 80% from here thanks to its aggressive bitcoin buying strategy, according to Bernstein. "Since August 2020, MSTR has transformed from a small software company to the largest bitcoin holding company, owning 1.1% of world's Bitcoin supply worth ~$14.5Bn," Bernstein analyst Gautam Chhugani said in a note. "MSTR's founder chairman, Michael Saylor has become synonymous with brand bitcoin and has positioned MSTR as a leading bitcoin company, attracting at-scale capital (both debt and equity) for an active bitcoin acquisition strategy." "MSTR positions itself as an 'active-leveraged' bitcoin strategy vs. passive spot ETFs," Chhugani said. … On a dollar basis, MSTR's Bitcoin $ NAV per share has grown ~4-fold beating ~2.4x growth in bitcoin spot price."
Persons: Bernstein, MicroStrategy, MSTR, Gautam Chhugani, MSTR's, Michael Saylor, Chhugani, — CNBC's Michael Bloom Organizations: BTC
☆ This beaten-up bitcoin proxy should rebound 35% as the cryptocurrency reclaims the spotlight, Berenberg says
  + stars: | 2023-04-28 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +1 min
Bitcoin is back in a bull market by many accounts and is poised to continue its 2023 rally as the rest of crypto comes under regulatory scrutiny. Equity investors interested in riding bitcoin's current uptrend should consider buying shares of Microstrategy , the enterprise analytics firm and bitcoin proxy, according to Berenberg Capital Markets. Microstrategy offers "the most attractive means" through which investors can express a view on bitcoin, Palmer said, citing its correlation of 0.90 to the crypto asset for his stance. The mandates of many institutional investors preclude them from purchasing bitcoin directly. "MSTR's stock offers a leveraged means through which investors can take advantage of that event."
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