Investment bank Cantor Fitzgerald lowers Strategy's target price by 59% to $229, but maintains "Overweight" rating

According to ChainCatcher, analysts at investment bank Cantor Fitzgerald have set a 12-month target price of $229 for Strategy stock, about 59% lower than the previous expectation of $560. However, Cantor Fitzgerald has reiterated its "Overweight" rating and remains optimistic in the long term.

The analysts now expect that over the next year, Strategy will raise $7.8 billion from the capital markets, instead of the previously expected $22.5 billion.