{"id":33611,"date":"2026-07-01T17:51:40","date_gmt":"2026-07-01T17:51:40","guid":{"rendered":"https:\/\/bitunikey.com\/news\/canaccord-cuts-strategy-price-target-despite-backing-bitcoin-thesis\/"},"modified":"2026-07-01T17:51:47","modified_gmt":"2026-07-01T17:51:47","slug":"canaccord-cuts-strategy-price-target-despite-backing-bitcoin-thesis","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/canaccord-cuts-strategy-price-target-despite-backing-bitcoin-thesis\/","title":{"rendered":"Canaccord cuts Strategy price target despite backing Bitcoin thesis"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Strategy has received another Wall Street price target cut after Canaccord lowered its valuation on the company while maintaining that Bitcoin\u2019s long-term investment case remains intact.<\/p>\n<div id=\"cn-block-summary-block_0714c0159b76b2c0458d6d11d49eeee9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Canaccord cut Strategy\u2019s price target to $130 but said its long-term Bitcoin investment thesis remains unchanged.<\/li>\n<li>The brokerage believes Strategy\u2019s Bitcoin-focused business model is still viable if Bitcoin posts moderate annual gains.<\/li>\n<li>Other analysts, including TD Cowen, Cantor Fitzgerald, and Benchmark, continue backing Strategy despite lowering or maintaining price targets.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin outlook remains intact despite lower valuation<\/h2>\n<p>According to a research note from Canaccord, the brokerage reduced its price target for Strategy to $130 from $163, citing the company\u2019s prolonged share price decline rather than any change in its long-term view on Bitcoin. The revision comes as Strategy stock has struggled for months, even though the firm said its underlying investment thesis for the cryptocurrency remains unchanged.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> | Canaccord maintains \ud835\udc01\ud835\udc2e\ud835\udc32 on \ud835\udc12\ud835\udc2d\ud835\udc2b\ud835\udc1a\ud835\udc2d\ud835\udc1e\ud835\udc20\ud835\udc32, \ud835\udc1c\ud835\udc2e\ud835\udc2d\ud835\udc2c \ud835\udc0f\ud835\udc13 \ud835\udc2d\ud835\udc28 $\ud835\udfcf\ud835\udfd1\ud835\udfce.\ud835\udfce\ud835\udfce \ud835\udc1f\ud835\udc2b\ud835\udc28\ud835\udc26 $\ud835\udfcf\ud835\udfd4\ud835\udfd1.\ud835\udfce\ud835\udfce<\/p>\n<p>Analyst sees nothing broken in MSTR&#8217;s model or in Bitcoin, suggesting a pendulum swing back makes sense over the medium term. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/K73JvH3hZk\">pic.twitter.com\/K73JvH3hZk<\/a><\/p>\n<p>\u2014 Hardik Shah (@AIStockSavvy) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/AIStockSavvy\/status\/2072275095230218322?ref_src=twsrc%5Etfw\">July 1, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Strategy shares closed the previous trading session at $86.93, only slightly above their 52-week low of $81.81 and roughly 77% below where they traded a year ago. The stock later rebounded 8.12% to $93.96 after the company introduced its new Digital Credit Capital Framework.<\/p>\n<p>Canaccord said Bitcoin continues to benefit from limited supply and growing adoption of blockchain technology. The brokerage added that the cryptocurrency has become more established within financial markets and is no longer facing the same uncertainty over whether it should be viewed primarily as a speculative asset or a long-term store of value.<\/p>\n<p>The firm also maintained that Strategy\u2019s Bitcoin-focused corporate model remains workable as long as Bitcoin delivers moderate annual appreciation. At the same time, Canaccord acknowledged that recent market performance has fallen short of those expectations.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe think there is nothing broken here, either in the company\u2019s model or in bitcoin, which suggests a pendulum swing back makes sense sometime over the medium term.\u201d<\/p>\n<\/blockquote>\n<p>Separately, data cited in the report showed Strategy\u2019s Relative Strength Index has moved into oversold territory, while Fair Value analysis suggested the shares could be trading below their estimated intrinsic value.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Capital strategy continues to receive support from analysts<\/h2>\n<p>The latest revision follows another recent target cut from TD Cowen, which, as previously reported by crypto.news, lowered its price target on Strategy to $260 from $400 while keeping a \u201cbuy\u201d rating. According to TD Cowen, the lower valuation was driven by a more conservative long-term Bitcoin price forecast rather than concerns about Strategy\u2019s newly introduced Digital Credit Capital Framework.<\/p>\n<p>TD Cowen said its revised target still implies roughly 200% upside from current trading levels. The brokerage also described the new capital framework as a constructive step that could improve Strategy\u2019s financial flexibility, even after the stock surrendered part of its initial gains following the announcement.<\/p>\n<p>In a regulatory filing dated June 29, Strategy disclosed that its Digital Credit Capital Framework allows the company to raise up to $1.25 billion through Bitcoin sales if needed. According to the filing, those proceeds may be used to maintain U.S. dollar reserves, fund preferred dividend payments, meet interest obligations, strengthen cash balances, and finance future share repurchases.<\/p>\n<p>The same filing also authorized up to $1 billion in repurchases of the company\u2019s Digital Credit Securities, including STRC, STRF, STRD, and STRK, when management determines buybacks would improve the firm\u2019s capital structure. Strategy further disclosed that it has paused additional Bitcoin purchases while selling about $1.15 billion worth of MSTR shares as part of its capital management plan.<\/p>\n<p>Elsewhere on Wall Street, Cantor Fitzgerald <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=Cantor+Fitzgerald+strategy&amp;oq=Cantor+Fitzgerald++strategy&amp;gs_lcrp=EgRlZGdlKgYIABBFGDkyBggAEEUYOTIGCAEQRRg80gEHNjY3ajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8\" target=\"_blank\" rel=\"nofollow\">reaffirmed<\/a> its Overweight rating and $212 price target, citing confidence in Strategy\u2019s liquidity plans. Benchmark also reiterated its Buy rating and maintained its $570 price target, noting that although the company\u2019s preferred shares have weakened in recent months, Strategy has continued adding Bitcoin to its balance sheet.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy has received another Wall Street price target cut after Canaccord lowered its valuation on the company while maintaining that Bitcoin\u2019s long-term investment case remains intact. Summary Canaccord cut Strategy\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":33256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=33611"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33611\/revisions"}],"predecessor-version":[{"id":33612,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/33611\/revisions\/33612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/33256"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=33611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=33611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=33611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}