MicroStrategy Incorporated (NASDAQ:MSTR) is one of the best large cap stocks with more than 50% upside. MicroStrategy Incorporated (NASDAQ:MSTR) received a rating update from Benchmark Co. analyst Mark Palmer on October 9, who reiterated a Buy rating on the stock while keeping the price target at $705.
The analyst supported the optimistic rating with the company’s solid market position and innovative approach, stating that MicroStrategy Incorporated managed to establish its position as a leader in the digital asset treasury space.
Palmer added that MicroStrategy Incorporated also has the largest corporate bitcoin treasury, allowing the company to create a new capital markets vertical with a focus on bitcoin-linked fixed income instruments, especially perpetual preferred shares.
MicroStrategy Incorporated engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world’s largest corporate holder of Bitcoin.
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This article is originally published at Insider Monkey.
