MicroStrategy Remains One of the Best Ways to Gain Exposure to Bitcoin Given Its Intelligent Leverage Strategy: Canaccord
The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.
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Canaccord Genuity
The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.
In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.
The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.
Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.
Investment bank Canaccord started research on the stock with a buy rating and C$17 per share price target, implying 30% upside.