'No Reasonable Scenario' Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen
Market Intelligence Analysis
AI-PoweredTD Cowen maintains its $440 price target for Strategy Inc, despite the company's Bitcoin holdings being underwater, citing 'no reasonable scenario' for selling Bitcoin.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Strategy Inc (NASDAQ:MSTR) shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is “no reasonable scenario” forcing the company to sell Bitcoin (CRYPTO: BTC) despite trading underwater on its holdings. The Bull Case Amid Carnage TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is “better positioned than ever” to participate in a potential recovery, even as the premise looks strained amid steep declines. The company’s shares are down 13.4% so f
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