Cantor Fitzgerald raises Strategy target price to $208, bullish on Bitcoin rising to $112000

Cantor Fitzgerald, an investment bank, has raised its Strategy target price from $186 to $208, maintaining its Overweight rating. Analyst Ramsey El Asal has raised his price forecast for Bitcoin over the next 12 months from $98000 to $112000, and has also raised the valuation of Strategy's enterprise value from $97 billion to $110 billion, based on Strategy's holdings of 848000 bitcoins.