TD Cowen raises Strategy price target to $395 on shift toward STRC issuance and improved BTC Yield outlook
TD Cowen raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, arguing the company’s increased use of STRC perpetual preferred issuance makes its bitcoin accumulation strategy more capital-efficient than the market currently appreciates. The revision — by analysts Lance Vitanza and Jonnathan Navarrete — carries an implied upside of more than...
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