Wall Street Analysts Back Strategy’s $84 Billion Bitcoin Expansion “42/42 Plan”

PANews reported on May 2 that according to CoinDesk, Wall Street analysts expressed support for Strategy's $84 billion Bitcoin expansion "42/42 Plan". Benchmark and TD Cowen analysts reiterated their buy ratings on the company, believing that its capital raising strategy is feasible, including:

1. Benchmark analyst Mark Palmer believes that Strategy has demonstrated its first-mover advantage in Bitcoin accumulation and has the ability to accelerate acquisitions, raising the company's target price to $650;

2. TD Cowen analyst Lance Vitanza believes that Strategy's $111 billion market value and strong trading liquidity enhance the credibility of the new financing plan and raised the company's target price to $550.

Additionally, the two analysts also praised Strategy’s decision to raise its Bitcoin-related performance targets, including raising its 2025 BTC yield target from 15% to 25% and raising its BTC revenue target from $10 billion to $15 billion.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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