Citi Lifts Strategy Target to USD 240 Amid Higher Bitcoin Assumptions

Citi has raised its target price for Strategy (ISIN US5949724083) from USD 136 to USD 240, citing higher Bitcoin assumptions and a higher valuation multiple relative to net asset value. This move is significant, as the target revision is substantially larger than the latest operating signal. Citi's fiscal 2026 adjusted Bitcoin Yield estimate was negative 3.3 percent, while its fiscal 2027 estimate was 5.9 percent.

Strategy reported USD 122.37 million in Q2 2026 revenue, with an adjusted EPS loss of USD 24.45, compared with consensus of USD 122.90 million revenue and a USD 2.19 loss per share. Revenue was up 6.9 percent from the year-earlier quarter, but the EPS gap keeps Bitcoin valuation and capital allocation central to the stock story.

Strategy stock traded within a USD 81.81 to USD 365.21 52-week range on October 2, 2026. The USD 160.01 close was 56.2 percent below the 52-week high, while the company's market capitalization stood at USD 63.8 billion.