Canaccord raises Strategy price target to $175, maintains Buy rating

Canaccord Genuity has bumped its 12-month price target for Strategy, the company formerly known as MicroStrategy, to $175 per share. The firm is keeping its Buy rating intact. A year of whiplash In February 2026, Canaccord slashed its target from $474 all the way down to $185 as Bitcoin prices cratered toward $60,000. That is a 61% haircut on a price target in a single revision. By May, Bitcoin had surged past $80,000, and Canaccord obliged with a bump to $224. Then came the latest June revision, which actually brought the target down to $163 before this newest increase to $175. If you’re keeping score at home: $474, $185, $224, $163, $175. Five data points in roughly five months, each one a direct reflection of wherever Bitcoin happened to be trading that week. The Buy rating, meanwhile, has remained unmoved through all of it. Strategy’s identity as a Bitcoin treasury company Strategy rebranded from MicroStrategy to signal exactly what it has become: a company whose primary purpose is accumulating and holding Bitcoin. It now holds hundreds of thousands of Bitcoin, making it the world’s largest corporate Bitcoin holder by a wide margin. Rather than simply issuing common stock, the ...