This bullish analyst on Michael Saylor's Strategy just threw in the towel on lofty price target

Market Intelligence Analysis

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Canaccord analyst Joseph Vafi reduced his price target for MicroStrategy's stock by over 60%, indicating a loss of confidence in the company's stock performance.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Canaccord's Joseph Vafi slashed his price target on the plunging bitcoin treasury company's stock by more than 60%.

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Original article published by CoinDesk on February 4, 2026.
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