TD Cowen cuts Strategy price target to $350, initiates coverage of Sharplink, Strive, Nakamoto and Smarter Web with buy ratings
The Block
TD Cowen lowered its Strategy price target to $350 while initiating buy ratings for four emerging digital asset treasury firms.Summary
TD Cowen reduced its price target for Strategy (MSTR) from $440 to $350, citing a lower bitcoin price outlook and revised valuation multiples, while maintaining a buy rating. Simultaneously, the bank initiated coverage on four digital asset treasury companies—Sharplink, Strive, Nakamoto Holdings, and The Smarter Web Company—assigning all of them buy ratings. Analysts noted that public bitcoin and ether treasury companies are becoming an established sector that offers value through strategic digital asset accumulation.
(Source：The Block)