B. Riley Raises Strategy Price Target to $195, Keeps Buy Rating
JOON HYOUNG LEE
Summary
- B. Riley said it maintained a buy rating on Strategy and raised its price target to $195.
- Strategy shares closed at $167.33, down 0.69% from the previous session.
- B. Riley said the SEC’s innovation exemption could be a key catalyst for Strategy’s stock.
Forecast Trend Report by Period
U.S. investment bank B. Riley raised its price target on Strategy, the world’s largest corporate Bitcoin holder.
Odaily reported on September 23 that B. Riley maintained its buy rating on the company and lifted its price target to $195.
Strategy shares closed at $167.33 on September 22, down 0.69% from the previous session.
B. Riley called the U.S. Securities and Exchange Commission’s recent “innovation exemption” a key catalyst that could support Strategy’s share price. The exemption grants qualifying platforms conditional regulatory relief for five years, allowing them to trade tokenized stocks.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul