TD Cowen reiterated a buy rating for MicroStrategy. Analyst Lance Vitanza raised the price target to $385 per share. This target is set for April 15, 2026.
The move signals confidence in the company’s bitcoin-focused strategy. MicroStrategy purchased 13,927 additional bitcoins on April 13. The acquisition cost approximately $1.0 billion.
An analysis published on April 15 highlighted the company's increasing use of preferred stock to finance these purchases. This funding method alters the corporate capital structure and the risk profile for common shareholders.