TD Cowen raises Stripe's target stock price to $56

TD Cowen analysts have raised Stripe's target stock price from $44 to $56 and maintained a buy rating. The number of bitcoins purchased by Strike in the past two weeks exceeded TD Cowen's expectations for the fourth quarter, with its bitcoin holdings increasing from 28000 at the end of September to 35595, valued at approximately $2.9 billion, a net increase of nearly 7600, surpassing the original estimate of 4750. Stripe currently ranks fourth in Bitcoin holdings among publicly traded companies, slightly exceeding MARA in terms of holdings. (Source: The Block)