Strategy (MSTR) Stock: Analyst Slashes Target 60% Yet Keeps Buy Rating

TLDR Strategy stock dropped 5.7% to $125.66 Wednesday, tracking toward its lowest close since September 2024 Canaccord Genuity maintained a Buy rating while cutting its price target from $474 to $185, a 60% reduction The company’s 713,502 Bitcoin holdings are valued at $53.6 billion as Bitcoin trades around $73,000 Strategy’s premium to Bitcoin assets compressed [...]

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