MSTR Dips Before Q4 as Canaccord Slashes Target by 60%

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Source: TipRanks
MSTR Dips Before Q4 as Canaccord Slashes Target by 60%
Photo: TipRanks
TL;DR

Strategy (MSTR) slides about 5% ahead of its Q4 report as Canaccord trims its price target by 60% to $185 while maintaining a Buy rating; analysts expect Q4 revenue near $119.1 million and a small per-share loss, with Bitcoin weakness weighing on the crypto holdings. Despite the target cut, investors remain positioned for upside due to Bitcoin exposure and a manageable convertible debt load.

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