Wall Street investment bank Maxim Group has cut its price target on Strategy (NASDAQ: MSTR) while keeping its Buy rating. The update is in response to the Bitcoin treasury company’s recent Bitcoin sales, which have been the subject of a wave of scrutiny.
Wall Street Analysts Cut MSTR Stock Price Targets
Maxim lowered its goal to $215 from $250. Despite the cut, the new target still implies a potential upside of around 120% from the current price of Strategy stock. Recently, MSTR stock ended Wednesday at $98.37, up $0.72, or 0.74%.
The latest reduction has joined a string of cuts by Wall Street firms. As Bitcoin price expectations have turned gloomy and Strategy has shifted from its “never sell’ stance, analysts have become more cautious.
Moreover, Cantor Fitzgerald cut its price on MSTR to $186. The firm has now lowered its forecast for Bitcoin to hit $111,000 by August 2027. Rather, it is now predicting the BTC price to hit $98,000.
JUST IN: $10 billion investment bank Maxim Group has lowered its price target on #Bitcoin treasury company Strategy $MSTR from $250 to $215 and maintains a buy rating.
That’s still a 120% upside. 👀🔥 pic.twitter.com/2C72w5efPx
— BitcoinTreasuries.NET (@BTCtreasuries) August 5, 2026
Further, B. Riley also cut its MSTR stock target from $215 to $155. The brokerage scaled down its Bitcoin forecast from $81,500 to $65,000. Additionally, it noted Strategy had decided to halt further purchases of Bitcoin as one reason for the lower valuation.
The BTC Sale Saga Rattles The Market
The MSTR stock downgrades come amid scrutiny about massive Bitcoin transfer associated with Strategy. According to blockchain analytics platform Lookonchain, the wallet related to Strategy transferred over 1,030 BTC, which is valued at over $66 million.
According to the data from Arkham Intelligence, there were five transfers totaling approximately $6 million to $21 million. The trades were part of a larger shift of 300 BTC earlier this week.
The new transfers followed Strategy’s latest sale of 1,638 BTC valued at approximately $105 million, leaving it with 842,138 BTC remaining. The company hasn’t clarified if the recent transfers are connected to another sale or if they represent internal custody/transfers of wallets. Investors remain very interested in the activity for the market.
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