Citi lowers the target price for Strategy to $136, maintaining a buy rating
Citigroup has lowered the target price for Strategy from $260 to $136, but maintains a buy rating. The firm has reduced its 12-month Bitcoin price forecast to $81,800, citing lower expected returns for Bitcoin.
Citigroup stated that the updated capital plan for Strategy enhances liquidity and should provide the company with more time for stability.
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