Benchmark: Raise MicroStrategy price target to $1,875 from $990

Brokerage Benchmark said in a research note on Monday that MicroStrategy (MSTR) is particularly well-positioned to benefit from Bitcoin’s halving around April 20, when the new supply of Bitcoin will be reduced by 50%. Benchmark raised its price target on MicroStrategy to $1,875 from $990 while maintaining its Buy rating. The new price target is based on the assumption that Bitcoin will reach $150,000 by the end of 2025, up from the previous $125,000