Canaccord increases MicroStrategy price target from $173 to $300

Broker Canaccord said in a research note on Thursday that MicroStrategy (MSTR) remains one of the best ways for equity investors to invest in bitcoin because of the company's smart leverage strategy. Canaccord raised its price target on MicroStrategy to $300 from $173, while maintaining its buy rating. The stock was up 0.4 percent at $245.50 early Friday.