Strive Price Target Cut to $28 as Analyst Sees Continued Growth

A TD Cowen analyst has reaffirmed his 'Buy' rating on Strive, Inc. (NASDAQ: ASST), despite lowering his price target to $28 from $32.

The analyst, Lance Vitanza, believes that the company's aggressive expansion of its at-the-market equity program will continue to fund ongoing Bitcoin purchases.

Strive is using this strategy to raise capital through share sales and purchase more crypto. The company operates without debt on its balance sheet, funding these acquisitions through equity raises rather than borrowing.