Strategy price target raised to $680 from $614 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Strategy (MSTR) to $680 from $614 and keeps an Overweight rating on the shares. The publicly traded bitcoin treasury companies own, or have raised capital to acquire, 904,000 bitcoin, and this number will continue to increase given their capital market advantages, the analyst tells investors in a research note. Cantor raised price targets in the group after analyzing the bitcoin treasury companies.