TD Cowen lowered its price target for Strategy, citing continued weakness in Bitcoin. Strategy shares resumed their decline Tuesday after briefly ending a nine-session losing streak.
TD Cowen lowered its price target for Strategy, citing continued weakness in Bitcoin. Strategy shares resumed their decline Tuesday after briefly ending a nine-session losing streak.
TD Cowen cut its price target for Strategy, pointing to ongoing weakness in Bitcoin. The company’s shares began falling again Tuesday, one day after ending a nine-session losing streak.
TD Cowen cut its price target for Strategy, pointing to ongoing weakness in Bitcoin. The company’s shares began falling again Tuesday, one day after ending a nine-session losing streak.
The move matters because Strategy’s stock performance remains closely exposed to shifts in the Bitcoin market. Continued weakness in the cryptocurrency can therefore weigh on investor expectations for the company.
Tuesday’s decline interrupted a brief reprieve for shareholders. Strategy had broken its extended losing run only a day earlier before renewed selling pressure emerged.
TD Cowen’s revised target adds to signs of caution around the company while Bitcoin remains under pressure. The available source material did not specify the previous or updated price target.
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