The Block·8h ago·mixed

TD Cowen cuts Strategy price target to $260, citing lower bitcoin forecast

TD Cowen cut its Strategy price target 35% to $260 from $400 due to a lower bitcoin forecast, while maintaining a Buy rating and calling Strategy's new capital framework constructive.

TD Cowen cuts Strategy price target to $260 from $400, a 35% reduction
Cut driven by lower bitcoin forecast: $100K by end of 2026, down from $140K
Bank maintains Buy rating, sees over 200% upside from current price
Strategy's new capital framework seen as constructive for credit visibility
Strategy rebuilt USD reserve to $2.55 billion after recent stock issuance

marketImpact 5/10

Why our editor rated this mixed

Price target cut is negative for Strategy stock, but the bank maintained a Buy rating and called the new capital framework constructive. Mixed signal: lower bitcoin forecast vs. improved corporate structure.

Read the full story at The Block

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Share

Back to all news