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TD Cowen Raises MSTR Price Target to $395 on Thursday, Citing STRC Shift and Improved BTC Yield Outlook

GateNews
bitcoin newsPrice PredictionStocks
BTC-1.17%

According to TD Cowen analysts Lance Vitanza and Jonnathan Navarrete, the firm raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, citing the company’s shift toward STRC perpetual preferred issuance as more capital-efficient for bitcoin accumulation. The revision implies upside of more than 110% from Strategy’s closing price of $186.82 on Wednesday.

TD Cowen also revised BTC Yield estimates upward to 18.2% for fiscal 2026 from 16.7%, and to 9.6% for fiscal 2027 from 5.4%. Estimated BTC dollar gains for 2026 rose to $13.9 billion from $12.7 billion. Strategy raised more than $5 billion through STRC year to date, according to the note.

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