Published Jun 30, 2026, 6:41 AM ET · Updated 4 months ago · 2 sources
THE BLOCK: TD Cowen reduced its Strategy price target to $260 from $400, but says the cut is about a lower bitcoin forecast, not the company's new capital framework, which it calls "incrementally constructive." The bank still rates MSTR as a Buy, with 200%+ implied upside.
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Original Report
THE BLOCK: TD Cowen reduced its Strategy price target to $260 from $400, but says the cut is about a lower bitcoin forecast, not the company's new capital framework, which it calls "incrementally constructive." The bank still rates MSTR as a Buy, with 200%+ implied upside.