Wall Street investment bank Monness Crespi has downgraded the Strategy rating to Sell, believing that its stock price still has room to fall.

DailyNews
BTC0,86%
GALA3,99%

Golden Finance reports that despite Strategy (MSTR) aggressively buying Bitcoin (BTC), leading to its stock price soaring over 2,500% in the past five years, Wall Street analysts believe that the situation may soon reverse. Investment bank Monness Crespi has downgraded MSTR’s rating to sell, believing there is further room for its stock price to drop. Monness Crespi analyst Gus Gala believes that it will become increasingly difficult for MSTR to raise funds by issuing stock to purchase Bitcoin, forcing the company to turn to fixed income instruments: “If the proportion of fixed income securities in the issuance is not large, the funding strategy for BTC will face greater challenges.” Gala’s target price for Strategy is $220, which means a decline of just under 30% from the current range of around $300.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)