Strategy price target raised to $200 from $188 at B. Riley

B. Riley raised the firm’s price target on Strategy (MSTR) to $200 from $188 and keeps a Buy rating on the shares. The firm increased targets in the digital asset treasury group as part of a Q1 preview. The recent crypto pullback ahead of today’s Federal Reserve meeting, where consensus expects interest rates to hold, has created an attractive entry point, the analyst tells investors in a research note. Riley cites the quarter-to-date rise in crypto prices and preferred issuance activity for the target boost.