TD Cowen Raises Strive Price Target 27% Amid Bitcoin Buys
Strive plans fresh funding for bitcoin purchases as TD Cowen sees warrant-related stock pressure easing.
Update (Oct 16, 21:10 UTC): According to Yahoo Finance, Cantor's updated $112,000 Bitcoin call has further lifted Strategy's target to $208.
Strive has received a 27% price target hike from TD Cowen, according to a report by TheBlock. The upward revision follows plans by the company to secure fresh funding dedicated to bitcoin purchases.
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Warrant Pressure Easing
According to TD Cowen, warrant-related stock pressure weighing on Strive is beginning to ease, setting the stage for improved equity performance alongside the company's aggressive cryptocurrency acquisition strategy.
Key facts
- Strive received a 27% price target hike from TD Cowen.
- The company plans fresh funding for bitcoin purchases.
- TD Cowen cited easing warrant-related stock pressure as a driver for the target increase.
Source: theblock.co
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