Barclays raises Strategy price target to $175 from $160
- —Price target raised 9.4% to $175 from $160, rating kept at Overweight
- —Shares gained 3.6% to $157.02, implying roughly 11.4% upside to the target
- —Strategy holds about 848,000 BTC after buying 334 BTC for ~$28.7 million
- —Barclays now groups Strategy with US payments and fintech firms such as Visa and Mastercard
Why it matters: The upgrade from a major bank reinforces Strategy's status as a bitcoin proxy and could support demand for MSTR and related crypto equities.
Source: CryptoActu