Strategy stock gets Citi's USD 240 target after weak Q2 results
Published on 10/03/2026 at 22:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Strategy (ISIN US5949724083) closed at USD 160.01 on Nasdaq on October 2, 2026, down 0.31 percent from USD 160.50. The immediate catalyst was Citi raising its price target from USD 136 to USD 240, while the latest quarter showed a USD 24.45 adjusted loss per share.
Citi lifts target to USD 240
As Yahoo Finance reported on October 2, 2026, Citi lifted its Strategy target from USD 136 to USD 240 and maintained a Buy rating. The bank attributed the change to higher Bitcoin assumptions and a higher valuation multiple relative to net asset value.
The target revision is materially larger than the latest operating signal. Citi's fiscal 2026 adjusted Bitcoin Yield estimate was negative 3.3 percent, while its fiscal 2027 estimate was 5.9 percent, according to Yahoo Finance.
Q2 loss contrasts with revenue growth
Strategy reported USD 122.37 million in Q2 2026 revenue and an adjusted EPS loss of USD 24.45, compared with consensus of USD 122.90 million revenue and a USD 2.19 loss per share, MarketBeat reported. Revenue was up 6.9 percent from the year-earlier quarter, but the EPS gap keeps Bitcoin valuation and capital allocation central to the stock story.
MarketBeat also reported that Strategy acquired 950 BTC for USD 75.7 million between September 14 and September 20, bringing its holdings to 846,000 BTC. That treasury position links the equity closely to Bitcoin prices, while the Q2 loss illustrates the accounting and financing volatility that can amplify the share-price response.
Strategy stock stays highly volatile
Strategy stock traded within a USD 81.81 to USD 365.21 52-week range on October 2, 2026. The USD 160.01 close was 56.2 percent below the 52-week high, while the company's market capitalization stood at USD 63.8 billion.
Trading volume reached 27,192,681 shares on October 2, 2026, and the session range ran from USD 155.89 to USD 170.17. For investors, Citi's USD 240 target rests on Bitcoin and valuation assumptions, whereas the latest earnings comparison points to a business with modest revenue growth and substantial earnings volatility.
Nasdaq close sets the reference point
Strategy stock closed at USD 160.01 on Nasdaq on October 2, 2026, with a daily change of negative 0.31 percent. The reference market capitalization was USD 63.8 billion on the same date.
Strategy stock data
- Company: Strategy Inc
- ISIN: US5949724083
- Ticker: MSTR
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): Closing price (October 2, 2026): USD 160.01
- Market capitalization: USD 63.8 billion (as of October 2, 2026)
- 52-week range: USD 81.81-365.21 (as of October 2, 2026)
- Sector / Industry: Technology / Software - Application
