MicroStrategy (MSTR) stock took off on Friday, rising by over 15% as co-founder and executive chairman Michael Saylor told Bernstein analysts the company is currently aiming for a $1 trillion valuation as a bitcoin (BTC-USD) bank. Bernstein has an Outperform rating on MicroStrategy with a $290 per share price target.
Julie Hyman and Josh Lipton report more on Saylor’s comments.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Luke Carberry Mogan.