Wall Street Analysts Bullish on Strategy's $84 billion Bitcoin Expansion "42/42
Wall Street analysts have expressed support for Strategy's "42/42 plan" for a $84 billion bitcoin expansion, with analysts at Benchmark and TD Cowen reiterating their buy rating on the company, citing the viability of its capital raising strategy, which:
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.
TD Cowen analyst Lance Vitanza believes that Strategy's $111 billion market cap and strong trading liquidity strengthen the credibility of the new financing plan, raising the company's price target to $550.
In addition, the two analysts applauded 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 yield target from $10 billion to $15 billion.