Analyst Michael Saylor Lowers His Target for Strategy

Canaccord analyst Joseph Vafi lowered the price target for MicroStrategy (MSTR) from 474 dollars to 185 dollars, while still maintaining a 'buy' recommendation.

Vafi was previously quite optimistic about Michael Saylor’s company and raised the price target last November. The analyst notes that MicroStrategy has a structure resilient to fluctuations. The company's low debt levels compared to its Bitcoin assets support this situation.