Canaccord Boosts Strategy Stock Price Target to $179 Amid Bitcoin Optimism

Strategy Inc., a Bitcoin treasury company, has seen its price target raised by Canaccord to $179 from $175. The firm maintains a Buy rating and expects approximately 20% appreciation in Strategy on a forward twelve-month basis.

The new target incorporates a modified net asset value that retraces to approximately 1.2 times as the Bitcoin acquisition engine begins again. This is up from 1.0 times in recent weeks, according to Canaccord.

Strategy's price movements have been volatile, with shares down 56.7% over the past year but up 14.4% in the last week. The company operates as a Bitcoin treasury and has significant reserves on its balance sheet.