TD Cowen Analyst: Bitcoin Q3 Expected to Reach New Highs, Maintains "Buy" Rating on Strategy Stocks

BTC-1,33%

Foresight News reports that, according to Barron’s, TD Cowen analyst Lance Vitanza stated that although Strategy’s stock price has fallen 30% this year, the company has the capacity to withstand a deeper Bitcoin crash. Lance Vitanza maintains a “Buy” rating on Strategy with a target price of $440. He pointed out that Strategy has $2.25 billion in cash reserves, enough to cover nearly 17 months of approximately $900 million in fixed expenses, and can cover the potential redemption of $1 billion convertible bonds due September 10, 2027, with its financial position unaffected by Bitcoin price fluctuations. Additionally, TD Cowen predicts that Bitcoin prices will eventually rebound and are expected to reach a new all-time high in Q3 2026.

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