Investment bank TD Cowen raised Strategy's target stock price from $590 to $680.
Powered by ChatGPTOn July 15 (UTC+8), investment bank TD Cowen raised Strategy's target stock price from $590 to $680, while predicting that Bitcoin could reach $155,000.00 in December of this year. Strategy is currently the public company holding the most Bitcoin. After recently purchasing Bitcoin for $472.50 million, its total holdings have reached 601,550 BTC. TD Cowen's benchmark forecast price for Bitcoin is $128,000.00, with the most pessimistic expectation being $55,000.00. In addition, Strategy plans to raise $84.00 billion to continue purchasing Bitcoin, and it is expected that its holdings will reach 900,000 $BTC by 2027. The investment bank recommends that investors pay attention to Strategy's preferred stock in order to obtain returns and reduce investment risk volatility. (Source: Mlion.ai) [MetaEra]