Key facts
- StoneX analyst Mark Palmer has set a price target of $435 for MicroStrategy (MSTR).
- Palmer's analysis highlights MicroStrategy's strategy of acquiring Bitcoin.
- The analyst believes reserve cash will drive the stock to par.
StoneX analyst Mark Palmer has established a price target of $435 for MicroStrategy (MSTR). Palmer's valuation is based on the company's strategy of accumulating Bitcoin as a treasury reserve asset. He suggests that the company's reserve cash is a significant driver that could push the stock to its target price.