Credit Suisse analyst Gautam Sawant maintains MarketAxess Holdings (NASDAQ:MKTX) with a Neutral and lowers the price target from $316 to $305.
Why MicroStrategy Stock Is Climbing
Bitcoin completed its fourth halving event last Friday and is currently trading up 1.56% over the last 24 hours. Microstrategy CEO Michael Saylor sees the halving as a catalyst for the price of bitcoin due to decreased selling pressure which will allow the price to go up. "You're going to see $12 billion of natural selling per year converted into $6 billion of natural selling per year," Saylor said.
