TD Cowen Cuts MicroStrategy Price Target 35% to $260 on June 30 Citing Bitcoin Weakness

BTC2.19%
According to TD Cowen, analysts led by Lance Vitanza cut MicroStrategy (NASDAQ: MSTR) price target from $400 to $260 on June 30, citing Bitcoin's observed ongoing weakness. The bank also lowered its end-year BTC forecast to $100,000 from $140,000. Bitcoin fell to $60,109, down 15% over the past month and over 50% from its October peak above $126,000. MSTR stock declined 34% in the same period.
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