Summary
- TD Cowen cut Strategy’s price target by 20.5%% to $350 from $440, while maintaining its buy rating.
- TD Cowen projects that Strategy will generate about $7.87 billion in Bitcoin gains in 2026, down $2.3 billion from its previous estimate.
- The report cited the risk that Strategy’s share price remains highly correlated with the Bitcoin price, assuming Bitcoin reaches $140,000 by the end of 2026 but could fall as low as $25,000.
Forecast Trend Report by Period
TD Cowen lowered its price target on Strategy after cutting its outlook for Bitcoin.
The Block reported on April 10 that TD Cowen reduced its target price on Strategy to $350 from $440 in a research note, while keeping its buy rating.
The lower target reflects a weaker Bitcoin price forecast and a reduced valuation of Strategy’s future Bitcoin gains.
TD Cowen projects that Strategy will generate about $7.87 billion in Bitcoin gains in 2026. That is $2.3 billion lower than its previous estimate of $10.17 billion.
The report identified Strategy’s strong correlation with Bitcoin prices as a key risk. TD Cowen assumes Bitcoin will reach $140,000 by the end of 2026, but said it could fall as low as $25,000 depending on market conditions.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
