Canaccord Boosts Strategy Price Target to $175 Amid Cryptocurrency Market Volatility

Canaccord Genuity has increased its 12-month price target for Strategy to $175 per share, maintaining its Buy rating. This is the company's fifth revision in roughly five months, following a tumultuous year of whiplash in cryptocurrency markets.

In February 2026, Canaccord slashed its target from $474 to $185 as Bitcoin prices plummeted towards $60,000, a 61% haircut on a price target in a single revision. By May, Bitcoin had surged past $80,000, prompting Canaccord to bump the target to $224.

The firm's analysts have highlighted Strategy's unique capital structure, which includes STRC preferred shares designed to minimize common-share dilution and protect existing equity holders during periods of market downturn. However, this approach also amplifies downside pressure on the common stock in bear markets.