Lowered target price but raised Bitcoin 2027 forecast to 71,500; institutions are still optimistic about BTC in the long term. Can MSTR's 34% drop be recovered within the year?

Mizuho lowered MSTR price target to $213, maintains "outperform" rating, expects stock price to remain above $200, and raised Bitcoin end-2027 forecast to $71,500. The adjustment stems from MSTR selling approximately 3,588 Bitcoins for about $216 million to fund digital credit securities dividends. The news initially dampened sentiment, but after Bitcoin rebounded, MSTR recovered, trading around $101 pre-market; the stock has fallen about 34% year-to-date. The long-term Bitcoin assumption adjustments have not changed the optimistic view of MSTR.