Citron Research Positive on Microstrategy, Inc. (MSTR), sets $700 price target

November 24, 2020 11:53 AM EST

Citron Research is out positive Microstrategy, Inc. (NASDAQ: MSTR), setting a $700 price target. Citron is calling it the best way to own Bitcoin.

From Citron:

"To be clear, we are not recommending anyone to be long bitcoin. However, we’ve been asked our opinion on bitcoin by many of our readers, so here it is.

The Citron Fund has a position in MSTR, which we believe is the best way to own Bitcoin. While we believe BTC is going higher, we cannot provide any deeper analysis than what has been overanalyzed by all.

If you don’t know Michael Saylor – it is time you do now. Watch any of these YouTube videos and you will understand why we are excited about Bitcoin and MSTR."

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