Cantor Fitzgerald cuts Strategy target to $186, keeps long-term bullish view

Cantor Fitzgerald lowered its price target on Strategy to $186 from $212 while maintaining an Overweight rating, according to Walter Bloomberg. The Wall Street investment bank adopted more conservative assumptions, including a cut to its Bitcoin price forecast to $98,000 from $111,000, but still assessed Strategy’s long-term outlook positively. Cantor expects STRC’s par value to recover and said Strategy is likely to keep expanding its Bitcoin holdings through the issuance of credit bonds.