MSTR Stock Price Forecasts by TD Cowen & Mizuho as Strategy Sold Bitcoin
Highlights
- Mizuho Securities cuts its price target on MSTR stock from $320 to $265.
- TD Cowen reiterated a buy rating on MSTR stock, maintaining its recent adjusted target price.
- MSTR stock falls more than 3% in premarket on Tuesday, after 5% slump.
MSTR stock price dropped sharply after Michael Saylor’s Strategy disclosed its first Bitcoin sale in four years. TD Cowen and Mizuho Securities analysts have shared their new outlook and price target for MicroStrategy stock amid the latest developments.
MSTR stock will likely open lower today as the price is falling more than 3% in pre-market trading. Also, Bitcoin is down more than 5% to trade near $69,300.
TD Cowen and Mizuho Securities’ Outlook on MSTR Stock Price
Strategy sold Bitcoin for $2.5 million at an average price of about $77,135 per coin. It triggered massive selling in BTC price and MSTR stock as the sale marked a shift in the longstanding “never sell” narrative.
Executive Chairman Michael Saylor plans to fund distributions on its preferred stock and increase BTC per share over time while meeting obligations. The company also revealed $900 million in cash reserves.
Mizuho Securities lowered its price target on MSTR stock from $320 to $265. However, it maintained an ‘outperform’ rating on the stock as Michael Saylor views quantum risks as “theoretical, distant and solvable.”
Moreover, Mizuho analyst also cut its year-end 2027 Bitcoin price forecast to $94,000 from $128,000, citing crypto winter and falling BTC prices.
In contrast, TD Cowen analyst Lance Vitanza reiterated a ‘Buy’ rating on MSTR stock, maintaining his 12-month price target of $400. Recently, TD Cowen raised the price target from $395 to $400 amid Strategy’s aggressive Bitcoin accumulation via STRC preferred perpetual stock.
As CoinGape reported, Bank of America acquired Strategy shares worth about $19.6 million. The bank now has almost 3.96 million MSTR shares worth about $664 million in its investment portfolio.
Stock Under Selling Pressure as Bitcoin Crashes
Broader consensus among 16 analysts stands at a Moderate Buy rating with an average 12-month price target between $318 and $320. MSTR stock price closed 5.85% lower at $149.78 on Monday.
MSTR stock is down more than 3% in premarket trading today. Notably, the stock has dropped more than 23% since mid-May, erasing gains as insiders sell their holdings.
Michael Saylor’s Strategy also raised capital through equity sales during the period, adding to dilution concerns for some shareholders. Saylor also announced holding STRC stock dividend rates at 11.5% in June.
Meanwhile, Bitcoin has dropped below $70K as extreme fear grips the crypto market. The 24-hour low and high are $69,359.52 and 72,996, respectively. Trading volume has increased more than 99% ahead of key US jobs data today.
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