Benchmark: MicroStrategy price target raised to $1,875 from $990

Broker Benchmark stated in a research report on Monday that MicroStrategy (MSTR) is particularly capable of benefiting from the Bitcoin halving around April 20, when the new supply of Bitcoin will be reduced by 50%. Benchmark raised MicroStrategy's target price from $990 to $1,875 and maintained its buy rating. The new price target is based on the assumption that Bitcoin will reach $150,000 by the end of 2025, higher than the previous target of $125,000.