Citi Cuts Strategy Inc (MSTR) Price Target to $485 Amid 48% Year-to-Date Decline

Written by Emily J. Thompson, Senior Investment Analyst

MSTR+1.64%

STRC+0.02%

STRF+0.35%

Source: Yahoo Finance

Updated: Jan 01 2026

0mins

Source: Yahoo Finance

Stock Decline: Strategy Inc (NASDAQ:MSTR) has seen its shares plummet 48% year-to-date, mirroring Bitcoin's poor performance, which has dropped 5% year-to-date and 28% since early October, negatively impacting market confidence in the company.
Target Price Adjustment: Citi has lowered its price target for Strategy Inc from $325 to $485 while maintaining a Buy rating, indicating that despite challenges, analysts remain optimistic about its future, particularly in light of potential legislative changes in 2026.
Market Reaction: Bernstein also cut its target price to $450 but believes that market concerns regarding Strategy Inc are excessive, suggesting that analysts see potential for the company, which may present a buying opportunity for investors.
Celebrity Commentary: Jim Cramer has referred to Strategy Inc as “one of the worst stocks of 2025” in multiple discussions, yet he acknowledged CEO Michael Saylor's capabilities, implying that the company still holds potential even in adversity.

MSTR

$173.71+Infinity%1D

Analyst Views on MSTR

Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 493.58 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

14 Analyst Rating

12 Buy

2 Hold

0 Sell

Strong Buy

Current: 170.910

Low

229.00

Averages

493.58

High

705.00

Current: 170.910

Low

229.00

Averages

493.58

High

705.00

Clear Street

Buy

downgrade

$443 -> $268

Al Analysis

2026-01-09

Reason

Clear Street

Price Target

$443 -> $268

Al Analysis

2026-01-09

downgrade

Buy

Reason

Clear Street lowered the firm's price target on Strategy to $268 from $443 and keeps a Buy rating on the shares. The firm cites its new sum-of-the-parts valuation for the target cut. The drop reflects lower bitcoin prices and treasury yield assumptions, the analyst tells investors in a research note. Clear Street says Strategy remains a :differentiated and compelling" vehicle for leveraged bitcoin exposure on a per-share basis.

Bernstein

Outperform

NULL

downgrade

$600 -> $450

2025-12-08

Reason

Bernstein

Price Target

$600 -> $450

2025-12-08

downgrade

Outperform

NULL

Reason

Bernstein lowered the firm's price target on Strategy to $450 from $600 and keeps an Outperform rating on the shares. The firm remains convinced market concerns on Strategy are overstated, given its over-collateralized balance sheet and 21 months cash reserves. Bernstein believes Strategy is becoming close to a Bitcoin-reserved financial operating business, delivering fixed income yield and savings products for investors.

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Mizuho

Outperform -> NULL

downgrade

$586 -> $484

2025-11-10

Reason

Mizuho

Price Target

$586 -> $484

2025-11-10

downgrade

Outperform -> NULL

Reason

Mizuho lowered the firm's price target on Strategy to $484 from $586 and keeps an Outperform rating on the shares. The firm updated the company's model post the Q3 report.

Monness Crespi

Sell -> Neutral

upgrade

$NULL

2025-11-10

Reason

Monness Crespi

Price Target

$NULL

2025-11-10

upgrade

Sell -> Neutral

Reason

Monness Crespi upgraded Strategy to Neutral from Sell without a price target. The firm sees continued downside risk but says the "skew to downside pressure has meaningfully lessened" following the stock's recent selloff. Strategy's "convertible arbitrage volatility export narrative" has ended with remaining converts to be equitized in due time, the analyst tells investors in a research note. Monness believes its Sell thesis has played out.

About MSTR

Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.