MicroStrategy (MSTR) is trading lower in pre-market, down 5.68% to $127.26, correlating strongly with a decline in Bitcoin and the broader crypto market.
- H.C. Wainwright recently upgraded MSTR to Buy with a price target of $540.
- The decline follows drops in major cryptocurrencies, with BTC falling 3.22% to $68,682.16 and ETH dropping 4.18%.
- Analysts maintain a Strong Buy consensus on the stock, with an average price target of $452.