Previous Close | 557.75 |
Open | 557.75 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 1,440.00 |
Expire Date | 2025-02-21 |
Day's Range | 557.75 - 557.75 |
Contract Range | N/A |
Volume | |
Open Interest | 2 |
Crypto is in focus as Bitcoin (BTC-USD) and Ethereum (ETH-USD) are trading higher. MicroStrategy (MSTR) shares popped after Barclays analysts raised their price target for the stock, which is widely considered a proxy to Bitcoin, to $225 from $173 and maintained their Overweight rating. China’s recent stimulus efforts have supported crypto. Seana Smith and Brad Smith take a closer look on Morning Brief. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
Soaring Bitcoin prices is good news for Bitcoin holder MicroStrategy and other crypto stocks. But the valuations are extremely rich.
MicroStrategy (MSTR) stock took off on Friday, rising by over 15% as co-founder and executive chairman Michael Saylor told Bernstein analysts the company is currently aiming for a $1 trillion valuation as a bitcoin (BTC-USD) bank. Bernstein has an Outperform rating on MicroStrategy with a $290 per share price target. Julie Hyman and Josh Lipton report more on Saylor's comments. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.