Topic
analysts
2 stories
TD Cowen lifts its bitcoin forecast but holds Strategy at $260, citing dilution
TD Cowen kept its $260 price target on Strategy while raising its bitcoin forecasts, arguing share dilution and preferred-stock obligations blunt the benefit to common MSTR holders.
Two Wall Street banks turn on Circle's stablecoin economics — while two others say the fear is overdone
Mizuho cut Circle to underperform with a $50 target and JPMorgan trimmed estimates, both warning that new rival Open USD and richer distributor deals will squeeze USDC's reserve-income economics; Bernstein and William Blair disagree.