Investment bank TD Cowen raised its price target for Strategy to $395.

CoinFeed reported on May 7th that, according to The Block, investment bank TD Cowen raised its price target for Strategy (SMSTR) from $385 to $395, implying an upside of over 110% from its closing price of $186.82. The report states that the company is shifting from issuing common stock to primarily raising funds to purchase Bitcoin through the issuance of STRC perpetual preferred stock with a yield of approximately 11.5%, with a current STRC face value exceeding $8.5 billion. TD Cowen projects Strategy's BTC yield to increase from 16.7% to 18.2% in fiscal year 2026, and from 5.4% to 9.6% in fiscal year 2027.