Investment bank TD Cowen lowers Strategy target price to $440

DeepFlowTech · 2026-01-15T00:19:50+00:00

TD Cowen has lowered the target price for Bitcoin Reserve Company's Strategy from $500 to $440 due to a decline in yields caused by equity issuance. Nevertheless, analysts remain optimistic about its potential as a Bitcoin investment vehicle and predict that Bitcoin prices will continue to rise in the future.

DeepFlowTech

2026-01-15 00:19:50

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Deep Tide TechFlow News, January 15th, according to The Block, investment bank TD Cowen has lowered the one-year target price for Bitcoin reserve company Strategy( from $500 to $440. The reason is the ongoing issuance of equity and preferred shares leading to a decline in Bitcoin yield.

Analysts expect Strategy to acquire approximately 155,000 BTC in fiscal year 2026, a significant increase from the previous estimate of 90,000 BTC. However, these acquisitions will mainly be financed through common and preferred shares, diluting Bitcoin yields.

Despite the target price reduction, analysts remain optimistic about Strategy as a Bitcoin investment vehicle and forecast Bitcoin prices to reach approximately $177,000 by December 2026 and approximately $226,000 by December 2027.

BTC-1,2%

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