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Investing.com - BTIG has raised its price target on MicroStrategy (NASDAQ:MSTR) to $700.00 from $620.00 while maintaining a Buy rating on the stock. Currently trading at $401.86, MSTR has demonstrated remarkable momentum with a 165.81% return over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The firm cited MicroStrategy’s second-quarter 2025 report, which showed $10 billion of GAAP net income and provided insights on increased government, corporate, and global support for bitcoin.
MicroStrategy’s capital market activities, which have recently focused on preferred equity, have generated a $13.2 billion bitcoin gain for the company year-to-date, with the company targeting a $20 billion gain for the full year 2025.
On a GAAP EPS basis, MicroStrategy is targeting $80 per share this year, which BTIG notes places the company’s current valuation at approximately 5x FY25E GAAP EPS.
BTIG’s new $700 price target is based on 9x their FY25E GAAP EPS estimate of $79.38 per share and a 2.8x mNAV, with the firm expecting MicroStrategy to continue creating shareholder value through its bitcoin treasury operations.
In other recent news, MicroStrategy Incorporated reported a strong performance for the second quarter of 2025, surpassing earnings expectations. The company posted a fully diluted earnings per share of $32.60, a significant surprise compared to the forecasted -$0.10. Revenue also exceeded projections, reaching $114.49 million against the anticipated $113.65 million. This performance was noted positively by the market. These developments are part of recent updates from the company.
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