On September 18, Strategy rose 3.36% in regular trading, trading at $137.71/share with turnover of $272 million, extending a multi-day rebound following last week's sharp selloff triggered by the CLARITY Act's failure in the U.S. Senate.
The broader crypto sector continued to rally, with Bullish up over 8%, BitMine up over 7%, Circle up over 4%, and Coinbase and Riot Platforms gaining over 4% in the prior session. Strategy itself surged 4.81% on September 17, recovering from a steep decline earlier in the week when the landmark crypto regulatory bill was rejected by a 50-49 vote, well short of the 60-vote threshold needed. Bitcoin had plunged below $76,000 on that news but has since rebounded.
Multiple investment banks have recently issued bullish calls on Strategy, with Barclays raising its target to $160, B. Riley to $175, Canaccord Genuity to $179, and Alliance Global Partners initiating coverage with a Buy rating and a $217 target, implying 75% upside. The analyst consensus mean target stands at approximately $230.83.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)