Cantor Fitzgerald has raised its price target on Strategy (NASDAQ: MSTR) to $208 from $186 and kept its Overweight rating, according to a BlockBeats report published on Oct. 16. In the same note, analyst Ramsey El-Assal increased his 12-month bitcoin price forecast to $112,000, up from $98,000.
The report also updated Strategy’s latest bitcoin holdings to about 848,000 BTC and lifted the firm’s enterprise value estimate to roughly $110 billion from about $97 billion. The change reflects a more constructive view of the value of Strategy’s bitcoin reserves in the analyst’s assessment.
Even with the target increase and higher bitcoin outlook, the market is still watching a separate risk tied to the company’s index status. BlockBeats said investors remain focused on whether Strategy could be removed from some MSCI indexes, a factor still hanging over the stock alongside the revised valuation assumptions.
Cantor Fitzgerald raised its price target on Strategy (NASDAQ: MSTR) to $208 from $186 on Oct. 16 and maintained an Overweight rating, according to BlockBeats.
In the firm’s latest report, analyst Ramsey El-Assal lifted his 12-month bitcoin price forecast to $112,000 from $98,000. The note also updated Strategy’s bitcoin holdings to about 848,000 BTC and increased its enterprise value estimate to roughly $110 billion from about $97 billion.
The revision reflects a more bullish assessment of the value of Strategy’s bitcoin reserves. At the same time, the market is still watching the risk that the company could be removed from some MSCI indexes.
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