Is Strategy (MSTR) Stock a Buy After Cantor Fitzgerald Lifts Its Target?
Image: CoinCentral
TLDR Strategy (MSTR) stock trades at $151.29, down about 10% on the day. Cantor Fitzgerald raised its price target to $208 from $186 and kept an Overweight rating. The new target assumes bitcoin at $112,000 in 12 months, up from $98,000. Strategy conditionally declared daily STRC dividends for November at a 12% annual rate. Strategy holds 848,250 BTC after adding 250 bitcoin for $21.5 million last week. Strategy (MSTR) stock was trading at $151.29 on Friday, down about 10% on the day. Cantor Fitzgerald still raised its price target. Strategy Inc, MSTR The firm lifted its target to $208 from $186 and kept its Overweight rating. That number sits well above where the stock trades now. Cantor updated its model for Strategy’s latest bitcoin holdings and dollar reserves.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
