Clear Street raises MSTR price target to $211, keeps Buy rating
- —Price target on MSTR raised to $211 from $201; Buy rating maintained
- —STRC trading near its $100 par, enabling renewed preferred issuance
- —Strategy bought 267 BTC this week, its fifth straight week of purchases
- —Key catalysts: Q3 earnings on Oct 29 and MSCI index decision on Nov 11
Why it matters: Renewed preferred issuance would fund more bitcoin buying, supporting BTC demand and Strategy's bitcoin-per-share metric.
Source: CoinGape