Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
MicroStrategy's stock price has broken through $1334, setting the highest record in the past 24 years

MicroStrategy's stock price has broken through $1334, setting the highest record in the past 24 years

2024/03/05 01:35

Driven by the recent rapid rise in Bitcoin prices to near historical highs, MicroStrategy's stock price soared to a 24-year high. Data shows that it reached $1334.1 on Monday, with an intraday increase of nearly 24%, marking the highest closing price since March 2000. In addition, MicroStrategy's stock has risen for six consecutive days, which is the longest continuous rise since the ten-day rise ended on November 10, 2023. The company's market value has increased by $10.7 billion in the past six trading days and reached $22.4 billion on Monday. Last week, Benchmark analyst Mark Palmer became the biggest bull of MicroStrategy stocks after giving a buy rating and a target price of $990 for MicroStrategy stocks for the first time on February 27th; currently its trading price is about 33% higher than this target and its stock trading price is approximately 33% higher than expected target.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

BNP Paribas: Meta (META.US) has promising prospects for monetizing computing power, with potential beyond advertising to include "cloud" opportunities

After meeting with the company's management, investment institution BNP Paribas believes that Meta Platforms' computing power assets have considerable commercial monetization potential.

智通财经2026/08/20 04:06
BNP Paribas: Meta (META.US) has promising prospects for monetizing computing power, with potential beyond advertising to include "cloud" opportunities