Wall Street analysts support the Strategy's $84 billion Bitcoin expansion "42/42 plan."
ChainCatcher news, according to CoinDesk, Wall Street analysts have expressed support for Strategy's $84 billion Bitcoin expansion "42/42 plan." Benchmark and TD Cowen analysts reiterated their buy ratings on the company, believing that its capital raising strategy is viable, including:Benchmark analyst Mark Palmer believes Strategy has demonstrated its first-mover advantage in Bitcoin accumulation and has the ability to accelerate acquisitions, raising the company's target price to $650;TD Cowen analyst Lance Vitanza believes that Strategy's $111 billion market capitalization and strong trading liquidity enhance the credibility of the new financing plan, raising the company's target price 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 revenue target from $10 billion to $15 billion.