TD Cowen Lowers Strategy Price Target to $260

CoinFeed June 30 news, according to The Block, investment bank TD Cowen lowered Strategy's price target from $400 to $260, maintaining a 'Buy' rating, mainly due to lower Bitcoin price expectations: now expects BTC around $100,000 by end of 2026 and $135,000 by end of 2027, down from previous estimates of around $140,000 and $190,000. The price target still has over 200% upside from Strategy's recent closing price of $92.68.