TD Cowen Raises MSTR's Target Stock Price to $400 After $2 Billion Bitcoin Purchase


According to TD Cowen analysts, on Tuesday, Strategy (MSTR) received an upgraded target stock price of $400 per share, representing a 139% increase from its current trading level of $164.79.
This upgrade comes after the company announced plans to buy $2 billion worth of Bitcoin through its preferred equity issuance a week earlier.
TD Cowen noted that Strategy's treasury operations continue to outperform expectations, with the company adding nearly 25,000 Bitcoin, bringing its total holdings to 843,738 BTC, valued at approximately $64.7 billion.
MSTR-3.01%
BTC-1.25%
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