Strategy's $208 stock target remained unchanged in Cantor Fitzgerald's Nov. 9 assessment, which retained an Overweight rating and valued both its Bitcoin (BTC) holdings and software business.
Cantor raised the target from $186 to $208 on Oct. 16, and the Nov. 9 assessment left it at that level. For its model, Cantor estimated Strategy held about 848,000 BTC in mid-October and assumed a Bitcoin price of $112,000 over the next 12 months, up from $98,000.
Cantor valued the software operation at twice its projected 2027 sales of $509 million. Including that business alongside Bitcoin holdings put the model's estimated enterprise value at $110 billion.
