Wall Street analysts raise strategy target price... 42/42 plan positive evaluation

Following Strategy (formerly MicroStrategy)'s recent Q1 earnings and announcement of its 42/42 plan to raise $84 billion to buy Bitcoin over the next two years, several analysts have raised their price targets for MSTR. According to CoinDesk, Benchmark analyst Mark Palmer raised his price target for MSTR to $650, writing, "Strategy has demonstrated its advantage as a frontrunner in Bitcoin buying, and we believe in the company's ability to accelerate further acquisitions." TD Cowen analyst Lance Vitanza also raised his price target to $550, noting, "Strategy's market valuation and strong trading liquidity lend credence to the new funding plan."