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MicroStrategy Is A 'Lever For The Believer,' Says Mizuho, Initiates Coverage On Bitcoin's Levered Play With An 'Outperform' Rating

Benzinga ·  Jan 30 12:54

MicroStrategy Inc.(NASDAQ:MSTR) can benefit from the risingBitcoin(CRYPTO: BTC) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company's play on the cryptocurrency as the "Lever for the Believer" in its note dated Jan. 29.

The MSTR Analysts:A group of analysts at Mizuho including its managing director,Dan Dolev, vice president,Sean Kennedyalong with associatesRyan CoyneandNicholas Lucas, initiated coverage on MicroStrategy with an 'outperform' rating and price target of $515, implying a 53.3% upside from Tuesday's close of $335.93 apiece.

Analyst Takeaways: Highlighting MicroStrategy's...

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