TD Cowen Cuts Strategy Stock (MSTR) Price Target on Lower Bitcoin Yield Outlook
TD Cowen analyst Lance Vitanza has reduced the price target for Strategy (MSTR) stock from $500 to $440 due to a lower Bitcoin yield outlook for 2026, while maintaining a Buy rating. Despite the cut, the target suggests over 150% upside potential. Strategy recently raised $1.25 billion by issuing shares, using most proceeds to acquire 13,627 Bitcoins. Vitanza anticipates MSTR will buy 155,000 Bitcoins, up from 90,000, and expects continued equity issuance to fund BTC purchases as prices remain low. Wall Street rates MSTR as a Strong Buy with a target of $448.18, indicating 162.2% upside.
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