Maxim Group cut its price target for Strategy stock to $215 from $250, maintaining a Buy rating despite the downward revision. The move reflects broader caution among analysts tracking the Bitcoin-focused company, though the firm still sees upside in the name.
The cuts accelerated across the Street this week. Cantor Fitzgerald dropped its target to $186 while slashing its Bitcoin forecast to $98,000, a sharp retreat from earlier bull-case scenarios. B. Riley proved even more bearish, reducing Strategy's price target from $215 to $155 and cutting its Bitcoin price forecast to just $65,000. That gap between $98,000 and $65,000 reveals real fractures in how Wall Street is pricing crypto exposure right now.
Strategy's Bitcoin Position Under Scrutiny
Strategy sold 1,638 Bitcoin worth roughly $100 million in recent transactions, trimming its holdings as volatility picked up. Analysts are watching the company's treasury management closely. Every analyst cut seems to pull another one along, a cascade effect that typically signals either genuine concern or capitulation after a run that got ahead of fundamentals.
The divergence in Bitcoin forecasts matters most here. Maxim staying constructive while rivals slash their crypto price targets creates an asymmetric risk picture. If Bitcoin holds above $100,000, Maxim's thesis survives. If it cracks toward $65,000, even the Buy rating looks premature.
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