Citi Raises Target on Strategy Stock to $240 Amid Bitcoin Assumptions

Strategy Inc's stock closed at $160.01 on Nasdaq on October 2, 2026, down 0.31 percent from its previous close of $160.50. This price movement came after Citi raised its target for the stock to $240, citing higher Bitcoin assumptions and a higher valuation multiple relative to net asset value.

Citi's fiscal 2026 adjusted Bitcoin Yield estimate was negative 3.3 percent, while its fiscal 2027 estimate was 5.9 percent. The bank attributed the change in target to these updated estimates.

Strategy reported $122.37 million in Q2 2026 revenue and an adjusted EPS loss of $24.45, compared with consensus of $122.90 million revenue and a $2.19 loss per share. While revenue was up 6.9 percent from the year-earlier quarter, the company's earnings volatility remains a concern.

The company's treasury position, which includes approximately 846,000 BTC, links its equity closely to Bitcoin prices. With trading volume reaching 27,192,681 shares on October 2, 2026, investors will be watching for further price movements based on Citi's target and the company's ongoing performance.