Citi raised Strategy's price target to $240 based on the revised Bitcoin forecast. Citi raised Strategy's target price from $136 to $240 and maintained its buy rating after raising its 12-month Bitcoin forecast by 39% to $113,400. Citi expects Bitcoin's appreciation to contribute around 34% of the upside, with another 16% coming from MNav's expansion. The bank also raised the Bitcoin yield multiplier from 2.5 times to 4.0 times, implying a 1.24 times MNaV assumption.

Citi raised Strategy's price target to $240 based on the revised Bitcoin forecast. Citi raised Strategy's target price from $136 to $240 and maintained its buy rating after raising its 12-month Bitcoin forecast by 39% to $113,400. Citi expects Bitcoin's appreciation to contribute around 34% of the upside, with another 16% coming from MNav's expansion. The bank also raised the Bitcoin yield multiplier from 2.5 times to 4.0 times, implying a 1.24 times MNaV assumption.