Investment interest in the cryptocurrency sector is prompting analysts to raise price targets for key stocks. MicroStrategy (MSTR) has seen a significant revision in its price target from Benchmark’s Mark Palmer, who increased it from $300 to $450 and now to $650, following a $3 billion convertible note offering and the purchase of over $5 billion worth of Bitcoin. MSTR shares recently traded around $402, showing a strong rally linked to the company’s Bitcoin yield. Meanwhile, Oppenheimer analysts raised Coinbase's (COIN) price target from $265 to $358, highlighting the recovery possibility for the crypto sector and increased trading volumes post-elections. Coinbase's average daily trading volume surged to $6.5 billion recently, and the firm anticipates a robust Q4. Furthermore, Galaxy Digital (GLXY) also had an increased price target due to industry tailwinds. Overall, a more favorable regulatory landscape may enhance growth potential in the cryptocurrency market.

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