Research Firm Cuts Strategy Target to $350, Forecasts $16 Sharplink Price
TD Cowen cut Strategy’s price target to $350 from $440, kept Buy rating and cited a conservative bitcoin price deck with a lower multiple on future gains. It initiated Buy coverage on Sharplink with a $16 target, highlighting $15.3 million in staking revenue (up 50% QoQ) and 14,500 ETH generated.
1. Price Target Adjustment
A research firm cut Strategy’s price target to $350 from $440 while maintaining a Buy rating, reflecting a conservative bitcoin price deck and a lower multiple applied to future bitcoin-related dollar gains.
2. Sharplink Coverage and Staking Performance
Coverage was initiated on Sharplink with a Buy rating and a $16 target, supported by $15.3 million in staking revenue (up 50% from the prior quarter) and 14,500 ETH generated through staking, which analysts believe can help offset operating costs even in a weak ether market.
3. Emerging Differentiation Among Crypto Treasuries
The research note highlights that crypto treasury companies are being evaluated not only on asset holdings but also on structure, yield profiles and digital-asset exposure strategies, with Strategy remaining the benchmark for concentrated bitcoin exposure while new entrants are assessed on their ability to generate yield or compound returns.