TechFlow News, February 4: According to CoinDesk, Canaccord analyst Joseph Vafi on Wednesday slashed Strategy (MSTR)’s price target by 61%—from $474 to $185—while maintaining a “Buy” rating. Vafi noted that Bitcoin is undergoing an “identity crisis”: although it possesses long-term store-of-value characteristics, it currently behaves more like a risk asset. Despite the reduced target, the new $185 price target remains approximately 40% above the stock’s current closing price of $133. MicroStrategy currently holds over $44 billion worth of Bitcoin and carries roughly $8 billion in debt; analysts believe the company is well-positioned to weather market volatility. The company’s stock has declined 15% year-to-date and is down 72% from its all-time high reached in November 2024.
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