Canaccord Raises MSTR Stock Price Target to $175
Canaccord Genuity recently raised its price target for MSTR stock to $175 while maintaining a Buy rating.
The analysts at Canaccord see further upside for MSTR, with Cantal Capital identifying $136.75 as a key breakout level.
Strategy is strengthening its balance sheet by repurchasing STRC shares and increasing USD reserves by $300 million.
MSTR stock has rebounded sharply as Bitcoin recovered and Strategy strengthened liquidity across its capital structure.