Cantor Fitzgerald Trims Strategy Price Target Amid Conservative Bitcoin Outlook

Cantor Fitzgerald has adjusted its price target for Strategy (NASDAQ:MSTR) to $186 from $212, citing a more conservative Bitcoin outlook.

The firm expects Bitcoin to reach approximately $98,000 over the next 12 months, down from a prior forecast of $111,000.

This new price target is based on a sum-of-the-parts valuation that applies 2x enterprise value to sales on Strategy’s calendar year 2027 estimated sales of approximately $509 million, combined with the firm's Bitcoin price forecast applied to Strategy's holdings of approximately 844,000 Bitcoin.