MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR's Bitcoin-Driven Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2024
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Source: Benzinga
MicroStrategy's Stock Surge: MicroStrategy has seen a remarkable 674% increase in its stock price in 2024, largely due to its substantial Bitcoin holdings, which have generated over $15 billion in unrealized profits.
Impact on ETFs: The company's performance has positively influenced various ETFs with significant exposure to MicroStrategy, enhancing their returns and attracting investor interest in Bitcoin-related investments.
Analyst Views on STCE
Wall Street analysts forecast STCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STCE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 69.860
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Current: 69.860
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
