The Block (@TheBlockCo): 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 cap…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
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.