Citi Lowers PT on Strategy Inc (MSTR), Here's Why

Strategy Inc (NASDAQ:MSTR) is among the Stocks That Will Make You Rich in 2026. On December 21, Peter Christiansen from Citi reiterated a Buy rating on the stock, but lowered the price target from $485 to $325. Earlier on December 8, Gautam Chhugani from Bernstein also assigned a Buy rating on Strategy Inc (NASDAQ:MSTR) but lowered the price target from $600 to $450.

Christiansen from Citi noted that the reduced price target reflects the firm’s updated valuation multiple across the digital assets group. The firm highlighted that they remain largely bullish on the group heading into 2026. Christiansen added that he sees legislative reforms serving as a  growth catalyst for the stock.

On the other hand, Chhugani from Bernstein noted that the ratings follow the firm’s meeting with the company’s management. He added that regardless of the reduced price target, the firm remains convinced that market concerns regarding Strategy Inc (NASDAQ:MSTR) are overstated. He noted the company’s over-collateralized balance sheet and 21 months of cash reserves. Bernstein sees the company as one of the “Bitcoin-reserved financial operating businesses.” The firm believes this allows the company to deliver fixed income yield and savings products for investors.

Strategy Inc. (NASDAQ:MSTR) is an enterprise software company that provides AI-powered business intelligence and analytics software. It is also the largest corporate owner of Bitcoin, having adopted it as its primary treasury reserve asset.

While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.