"Citigroup lowers Strategy target price from 485 dollars to 325 dollars…keeps investment rating 'Buy'"
Minseung Kang
Summary
- Citigroup said it has lowered Strategy's target price from 485 dollars to 325 dollars.
- It said the investment rating remains the same as before, 'Buy'.
- It said Strategy holds the most Bitcoin among listed companies, making its stock highly sensitive to Bitcoin price fluctuations.
Citigroup lowered Strategy (formerly MicroStrategy)'s target price.
On the 22nd (local time), according to international business breaking news channel Walter Bloomberg, Citigroup lowered Strategy's target price from 485 dollars per share to 325 dollars per share. However, it maintained its previous 'Buy' investment rating.
Strategy is the publicly listed company that holds the most Bitcoin (BTC), and it is regarded as a stock highly sensitive to Bitcoin price fluctuations.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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