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via The Block · By The Block Editorial

TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging

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The Block Editorial

(11:44 AM UTC)

1 min read

Updated byMichael Roberts

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TD Cowen raised its price target on Strategy (MSTR) to $400 from $395 on Tuesday, citing accelerating bitcoin per share and a balance sheet action the firm called a clear positive for both equity and credit holders.

The note, authored by analyst Lance Vitanza and associate Jonnathan Navarrete, maintained a Buy rating on the stock.

The $5 target increase was driven by upward revisions to TD…

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