MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This 'The Michael Saylor Effect'?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
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Source: Benzinga
Impact of Michael Saylor on ETFs: Analysts are observing the significant influence of Michael Saylor, co-founder of MicroStrategy, on ETFs linked to the company's performance, particularly as MicroStrategy's stock has surged 416.19% year-to-date due to its Bitcoin holdings.
Performance and Valuation Concerns: Various ETFs have seen substantial gains, with some like T-Rex 2x Long MSTR Daily Target rising by 453.76%, while concerns about MicroStrategy's inflated valuation persist amidst reports of the company generating $500 million daily from Bitcoin.
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.
