MicroStrategy Price Target Rockets to $175 Amid Bitcoin Rally
MicroStrategy (MSTR) is trading at $124.37 on Binance tokenized markets, with an RSI of 71.65 and 76% of futures traders net short.
This 'combustible setup' has either a violent squeeze or correction coming, according to Timothy Morano.
However, Canaccord's $175 price target may not be out of reach for MSTR, as analyst Joseph Vafi believes the company's mNAV will re-rate back toward 1.2x from its current 1.04x.
This would add around 15% to NAV-linked fair value, independent of any Bitcoin price move.