Bullish
TD Cowen Reiterates Buy on Strategy with $260 Target Amid Q2 Losses
2026-07-31 19:16:11
TD Cowen maintains 'Buy' rating on Strategy at $260 target, citing STRC par-value focus. Company posted $8.2B Q2 loss and halted Bitcoin buys for five weeks.
Woofun AI reports that TD Cowen has reaffirmed its "Buy" rating on Strategy, setting a price target of $260. The firm notes that management is now explicitly prioritizing the restoration of the STRC preferred stock price to its par value.
This rating follows a second-quarter net loss of $8.2 billion for Strategy. During this period of cash reserve accumulation, the company has abstained from purchasing Bitcoin for five consecutive weeks.
WOOFUN AI
Impact Assessment · Quick Read
The reaffirmation of the 'Buy' rating despite significant quarterly losses suggests analysts view the current capital preservation strategy as a necessary corrective measure. The halt in Bitcoin accumulation indicates a shift from aggressive expansion to balance sheet stabilization, which may reduce short-term buying pressure on BTC. However, the focus on restoring STRC par value highlights ongoing equity-related risks that could influence investor sentiment toward Strategy's broader holdings.
Generated by WOOFUN AI · For reference only, not investment advice
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