H.C. Wainwright maintained its buy rating on Strategy and its $250 price target following the company’s third-quarter 2026 earnings release. Analyst Mike Colonnese highlighted $20.9 billion in unrealized gains on the company’s digital assets and approximately $5 billion in US dollar reserves. Strategy used $2 billion to repurchase its STRC preferred shares, which carry a 12% annual dividend, rather than accelerating its Bitcoin purchases. Colonnese said the reserves could cover more than three years of dividend and interest obligations. Analysts’ average price targets now range from $245 to $250, alongside an overall Moderate Buy rating.
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