TD Cowen raised its Bitcoin price target to about $109,000 for the end of 2026, up from $97,500 at the beginning of September. On October 9, it said it expects Bitcoin to reach $280,000 by 2029. The firm also maintained its Buy rating on MicroStrategy (MSTR), with a $260 price target, even though analysts noted that the expansion of the capital structure would dilute earnings per share, despite the rise in the Bitcoin price, which supports the earnings potential.
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