US-based financial firm Cantor Fitzgerald slashed its price target on Michael Saylor’s Bitcoin-heavy company, Strategy, but kept a bullish stance on the cryptocurrency’s long-term upside, downplaying fears of forced liquidation, according to the Financial Times.
Cantor Fitzgerald reportedly lowered its 12-month price target on Strategy stock by 60%, adjusted to $229 from $560, according to a Thursday analyst note seen by the FT.
Despite the downgrade, Cantor’s “buy” rating reportedly…
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