TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive’
The Block·
60-second summary
TD Cowen slashes its Strategy price target to $260 from $400, reflecting a lower bitcoin forecast, while describing the new capital framework as "constructive." This adjustment reflects a decrease in investor optimism, as the reduced price target may deter potential buyers and impact market sentiment, potentially leading to a short-term decline in cryptocurrency values.
TD Cowen cut its Strategy price target to $260 from $400 on a lower bitcoin forecast, while calling its new capital framework "constructive."