Strategy (MSTR) PT Raised to $40,000 at TD Cowen on 'Stronger Execution'

TD Cowen analyst Lance Vitanza raised the price target on Strategy (NASDAQ: MSTR) to $40,000.00 (from $395.00) while maintaining a Buy rating.

The analyst commented: "Accelerating BTC/Share and Accretive Deleveraging Support PT to $400; Strategy’s treasury operations continue to exceed expectations, with faster-than-anticipated bitcoin accumulation and accretive balance sheet actions driving higher BTC per share and improved financial flexibility. We raise our FY26 BTC Yield and BTC $ Gain estimates and increase our price target to $400 (from $395), reflecting stronger execution and sustained access to capital markets."

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