Strategy price target lowered to $268 from $443 at Clear Street

Clear Street lowered the firm’s price target on Strategy (MSTR) to $268 from $443 and keeps a Buy rating on the shares. The firm cites its new sum-of-the-parts valuation for the target cut. The drop reflects lower bitcoin prices and treasury yield assumptions, the analyst tells investors in a research note. Clear Street says Strategy remains a :differentiated and compelling” vehicle for leveraged bitcoin exposure on a per-share basis.