Canaccord Raises Strategy Stock Price Target to $179

Canaccord Genuity Group has raised its price target for Strategy Inc's stock to $179, citing improved company-specific and macroeconomic factors. The firm maintains a Buy rating on the stock, which currently trades at $142.80.

The new price target assumes a 20% appreciation in Bitcoin over the next twelve months. This projection is based on Canaccord's valuation framework, which centers on Bitcoin price appreciation and Strategy's net asset value multiple.

Strategy operates as a Bitcoin treasury company, holding significant reserves on its balance sheet. The firm has created a $1.59 billion cash pool for potential Bitcoin purchases and other treasury operations, part of its Digital Credit Capital Framework.