Analyst Says MicroStrategy Inc.'s Bold Bitcoin Strategy Still Has Room To Run

Canaccord Genuity analyst Joseph Vafi reiterated the Buy rating on MicroStrategy Inc. MSTR on Friday, raising the price forecast from $409 to$464.This week, the company reported first-quarter revenue of $111.07 million, falling slightly below analyst expectations, while posting a significant adjusted loss of$16.53 per share.Despite this, MicroStrategy's Bitcoin holdings, now totaling 553,555 BTC, have helped reinforce investor confidence. Year-to-date, the firm has acquired over 15,000 Bitcoin at an avera ...