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Investment Bank TD Cowen Lowers Strategy's Target Price to $440
Summary: According to The Block, investment bank TD Cowen has lowered the one-year target price of bitcoin reserve company Strategy (formerly MicroStrategy) from $500 to $440 due to continued equity and preferred stock issuance leading to a decrease in bitcoin yield. Analysts project Strategy to acquire approximately 155,000 bitcoins in the 2026 fiscal year, a significant ...
According to The Block, investment bank TD Cowen has lowered the one-year target price of bitcoin reserve company Strategy (formerly MicroStrategy) from $500 to $440 due to continued equity and preferred stock issuance leading to a decrease in bitcoin yield. Analysts project Strategy to acquire approximately 155,000 bitcoins in the 2026 fiscal year, a significant increase from the previous expectation of 90,000 bitcoins, but these acquisitions will mainly be financed through common stock and preferred stock, diluting the bitcoin yield. Despite the target price reduction, analysts remain bullish on Strategy as a bitcoin investment tool and predict the bitcoin price to reach around $177,000 in December 2026 and around $226,000 in December 2027.
