TechFlow news, May 2 — According to CoinDesk, Wall Street analysts have expressed support for Strategy's $84 billion Bitcoin expansion "42/42 Plan." Benchmark and TD Cowen analysts reaffirmed their buy ratings on the company, deeming its capital-raising strategy feasible, with the following details:
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Benchmark analyst Mark Palmer believes Strategy has demonstrated first-mover advantages in Bitcoin accumulation and possesses the ability to accelerate acquisitions, raising the company’s price target to $650;
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TD Cowen analyst Lance Vitanza believes Strategy’s $111 billion market capitalization and strong trading liquidity enhance the credibility of its new financing plan, increasing the company’s price target to $550.
In addition, both analysts praised Strategy’s decision to raise its Bitcoin-related performance targets, including increasing the 2025 BTC yield target from 15% to 25%, and raising the BTC earnings target from $10 billion to $15 billion.
Previous report, Strategy plans to launch the "42/42 Plan," aiming to raise $84 billion over two years to purchase Bitcoin.
