$MSTR PT raised to $680 at Cantor Fitzgerald.
STRATEGY $MSTR price-target raised to $680 at Cantor Fitzgerald.
Analyst Brett Knoblauch says Saylor's Strategy is highly likely to be one of the largest companies in the world, with 1 million Bitcoins worth $1 million each:
"MSTR created the segment, and it has a Bitcoin stack that is unlikely to ever be matched by another entity. Assuming MSTR acquires ~$20bn worth of BTC a year, this puts MSTR on track to reach 1m BTC in just over three years, and that assumes BTC compounds at a 30% CAGR. The sheer size of MSTR's BTC stack combined with capital markets innovation makes MSTR a must-own name in this space, in our view. If BTC is going to $1m, which we think is highly likely at some point in the future, MSTR could be one of the largest companies in the world."
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