TD Cowen lowered the firm’s price target on Strategy (MSTR) to $440 from $500 and keeps a Buy rating on the shares. The firm expects the company’s bitcoins acquired in 2026 to be 155,000 versus 90,00 previously. Greater equity in the mix reduces Strategy’s bitcoin yield, the analyst tells investors in a research note. TD believes Strategy remains attractive for investors looking to create bitcoin exposure.
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