Citi has raised its price target for Strategy, a bitcoin treasury company, from $136 to $240, according to a post by Bitcoin Treasuries on X. The revision was tied to a higher bitcoin price forecast from the bank. Based on the information shared in the post, the new target implies 50% upside from the current price. The update centers on Citi’s revised view of bitcoin and its effect on Strategy’s valuation.
Odaily reported that Bitcoin Treasuries said in a post on X that Citi had raised its price target for Strategy, a bitcoin treasury company, to $240 from $136.
According to the post, Citi lifted the target after increasing its bitcoin price forecast. The new target implies 50% upside from the current price.
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