TD Cowen analysts lowered their price target for MicroStrategy (MSTR) from $500 to $440, citing 'near-term pressure' from Bitcoin price weakness, but maintained a Buy rating.
- The analysts highlighted the company's resilience, noting that MSTR has "leaned into" the latest period of price compression to continue its aggressive accumulation strategy.
- Despite the target reduction, MSTR closed January 16 up 1.64% at $173.71.