Cantor Fitzgerald maintained its buy rating on Strategy and confirmed a $208 price target, implying potential upside of roughly 61%. Analyst Ramsey El-Assal values the company using a sum-of-the-parts approach, assigning the software business twice projected 2027 revenue of $509 million. The model also relies on Strategy’s holdings of roughly 848,000 bitcoin as of mid-October 2026 and a $112,000 bitcoin price assumption, producing an estimated enterprise value of $110 billion. Analyst price targets range from $180 to $333 depending on the firm, highlighting the valuation’s sensitivity to bitcoin assumptions.
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