Strategy price target lowered to $630 from $700 at BTIG

BTIG lowered the firm’s price target on Strategy (MSTR) to $630 from $700 and keeps a Buy rating on the shares after its Q3 results. The company’s Executive Chairman Michael Saylor during the earnings call discussed how Strategy is building a “credit factory” that offers investors different levels of bitcoin exposure, and the call also demonstrated how Strategy is expanding its addressable market to offer credit products to new investors, the analyst tells investors in a research note.