Barclays keeps Strategy at Overweight, raises target to $160
- —Price target raised from $125 to $160 while maintaining an Overweight rating
- —Second-quarter revenue was about $122.4 million, up 7% year on year
- —The consensus target from other analysts is $226–278, above Barclays' estimate
- —Strategy was classified in the payments and fintech sector alongside Visa and Mastercard
Why it matters: The major bank's assessment confirms Wall Street's interest in Strategy's Bitcoin treasury model, though Barclays' target is notably below consensus.
Source: Crypto Briefing