MicroStrategy is trading at $169.14, up +5.38%, after Citi raised its price target to $240 from $136 and maintained a Buy rating.
- Citi cited a higher Bitcoin forecast; coverage reported a 2.7% premarket gain after the announcement.
- Bitcoin rose 2.25% since the prior close, supporting the crypto-linked backdrop, while the live share move is larger.
- The Citi target change is the clearest company-specific catalyst identified for October 2, 2026.