TD Cowen Slaps $32 Price Target on Strive Amid Strong Bitcoin Holdings

TD Cowen has initiated coverage on Strive (ASST) with a price target of $32 per share, implying roughly 33% upside from current levels.

The analyst's optimistic outlook is driven by Strive's aggressive accumulation of Bitcoin, which is expected to surpass 27,100 BTC by the end of this year.

This growth in Bitcoin holdings reflects a unique business model where Strive holds a significant portion of its corporate reserves in Bitcoin.

The $32 price target incorporates the expected growth of Strive's Bitcoin holdings and potential investor interest in companies with significant digital asset exposure.