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MicroStrategy's 'Nav Premium' Shouldn't be Feared, Says Benchmark, Raising Price Target to $245

The company's use of "intelligent leverage" differentiates its stock from other means of gaining exposure to bitcoin, argued analyst Mark Palmer.

Broker Benchmark has raised its price target for Michael Saylor's MicroStrategy to $245. (Michael Saylor/Danny Nelson)
Broker Benchmark has raised its price target for Michael Saylor's MicroStrategy to $245. (Michael Saylor/Danny Nelson)