TD Cowen analyst Lance Vitanza raised Strategy Inc.'s price target to $400, citing accelerated Bitcoin purchases and accretive capital structure.

TD Cowen raised its Strategy MSTR price target to $400, noting accelerating BTC per share growth and $1.5B in accretive debt repurchases.

Analysts at TD Cowen believe shares in Bitcoin-buying Strategy behemoth could jump more than 139% in the next 12 months.