TD Cowen Slashes Strategy Price Target, Citing Ongoing Bitcoin Weakness
Strategy's stock price started sliding again on Tuesday, one day after breaking a nine-day losing streak.
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Strategy's new Bitcoin Monetization Program authorizes up to $1.25B in sales as mNAV falls below 1 for the first time, signaling a shift in Saylor's playbook. The post Strategy Authorizes $1.25Bn BTC Sale in New Monetization Plan appeared first on 99Bitcoins.
Read full articleStrategy's stock price started sliding again on Tuesday, one day after breaking a nine-day losing streak.
Strategy stock has remained under pressure after TD Cowen cut its price target despite backing Michael Saylor’s latest capital strategy and maintaining a bullish rating on the company. According to a recent TD Cowen research note, the brokerage reduced its…
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The revised target reflects Bitcoin's volatility, highlighting the risks and rewards of Strategy's leveraged Bitcoin investment approach. The post TD Cowen analyst lowers Strategy price target to $260, maintains buy rating appeared first on Crypto Briefing.