Strategy (NASDAQ:MSTR), formerly MicroStrategy, has drawn varied analyst reactions following its continued Bitcoin (CRYPTO: BTC) accumulation and capital-raising initiatives, with analysts highlighting both the potential benefits and the emerging challenges associated with this approach.
While the firm remains the largest publicly traded corporate Bitcoin holder, concerns over valuation premiums and leverage have led to price target adjustments from Bernstein, Cantor Fitzgerald and Canaccord Genuity.
Analyst Ratings And Price Target Adjustments
- Bernstein: Raised price target from $290 to $600, maintaining an Outperform rating
- Cantor Fitzgerald: Increased price target from $613 to $619, reiterating an Overweight rating.
- Canaccord Genuity: Lowered price target from $510 to …
Full story available on Benzinga.com