Strategy (NASDAQ:MSTR) Price Target Lowered to $260.00 at TD Cowen

Posted by Joseph Griffin on Jun 30th, 2026

Strategy (NASDAQ:MSTR – Get Free Report) had its target price dropped by equities researchers at TD Cowen from $400.00 to $260.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. TD Cowen’s price target indicates a potential upside of 198.97% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Citigroup reiterated a “buy” rating on shares of Strategy in a report on Tuesday. Zacks Research downgraded Strategy from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Mizuho reduced their price target on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating for the company in a research report on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Strategy in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $301.57.

View Our Latest Research Report on MSTR

Strategy Price Performance

NASDAQ:MSTR traded down $5.72 during midday trading on Tuesday, hitting $86.96. The company had a trading volume of 7,201,359 shares, compared to its average volume of 21,386,557. The stock’s fifty day moving average price is $147.65 and its 200-day moving average price is $146.08. Strategy has a 52-week low of $81.81 and a 52-week high of $457.22. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $30.48 billion, a PE ratio of -2.16 and a beta of 3.50.

Strategy (NASDAQ:MSTR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same period in the prior year, the firm earned ($16.49) earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts expect that Strategy will post 116.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 33,062 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $118.73, for a total transaction of $3,925,451.26. Following the completion of the sale, the chief financial officer owned 68,733 shares of the company’s stock, valued at $8,160,669.09. The trade was a 32.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Phong Le sold 93,738 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $118.73, for a total value of $11,129,512.74. Following the sale, the chief executive officer directly owned 119,925 shares of the company’s stock, valued at $14,238,695.25. This represents a 43.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have acquired 11,166 shares of company stock worth $1,014,265 and have sold 193,622 shares worth $25,189,621. Insiders own 6.49% of the company’s stock.

Hedge Funds Weigh In On Strategy

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Fideuram Asset Management Ireland dac purchased a new position in shares of Strategy during the fourth quarter valued at about $25,000. Westfuller Advisors LLC bought a new position in Strategy during the first quarter valued at $25,000. Dogwood Wealth Management LLC increased its holdings in shares of Strategy by 280.0% in the 4th quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after buying an additional 140 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new position in Strategy in the fourth quarter worth about $30,000. Finally, Binnacle Investments Inc raised its position in Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Institutional investors own 59.84% of the company’s stock.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

Positive Sentiment: Strategy unveiled a Digital Credit Capital Framework that allows Bitcoin sales, boosts liquidity, raises the STRC dividend to 12%, and authorizes up to $2 billion in buybacks, which investors may see as a stabilizing move. Article: Strategy Authorizes Up to $1.25 Billion in Bitcoin Sales, Launches $2 Billion Buyback Programs and Strengthens Cash Reserve
Neutral Sentiment: TD Cowen and Canaccord cut MSTR price targets but kept Buy ratings, suggesting Wall Street still sees upside despite a more cautious Bitcoin outlook. Article: Strategy (MSTR) Stock Faces Price Target Cut Amid Bitcoin Strategy Shift
Negative Sentiment: Bearish coverage says Strategy’s new plan effectively turns it into a Bitcoin seller, fueling concern that the company’s core treasury model is under pressure as crypto prices weaken. Article: Strategy can now sell bitcoin to buy back stock — the opposite of what it’s been doing

About Strategy

(Get Free Report)

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.