Citi maintains buy rating for Strategy with $136 target despite Bitcoin forecast cut

https://finance.yahoo.com/markets/crypto/articles/citi-cuts-strategy-target-bitcoin-123802951.html

Citi has reaffirmed its buy rating and set a $136 price target for MicroStrategy (MSTR), despite revising its Bitcoin forecasts downward. The bank’s updated outlook comes as MSTR’s stock price struggles, currently at approximately $86.91, reflecting a significant drop over recent days. This development occurs amidst MicroStrategy’s strategic adjustments, including a new capital plan to bolster its financial position. Citi’s Bitcoin base case has been adjusted to $143,000 by December 2026, suggesting a more cautious outlook on cryptocurrency price movements in the short term. Market participants appear to interpret these developments as continued institutional confidence in MicroStrategy’s role as a leveraged Bitcoin vehicle.

Key Takeaways

Citi’s affirmation of a buy rating for MSTR appears consistent with continued support for the company’s Bitcoin strategy.

The downward revision of Bitcoin price forecasts by Citi suggests more cautious near-term expectations.