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TD Cowen lifts Strive price target to $56 following rapid bitcoin accumulation

TD Cowen raised its price target on bitcoin treasury firm Strive to $56 from $44 and maintained a Buy rating after the company acquired nearly 7,600 BTC in about two weeks.

Strive company logo against a white background.
Image: @TheBlockCo

TD Cowen increased its price target on bitcoin treasury firm Strive (ASST) to $56 from $44, representing a 27% hike, while maintaining its Buy rating, according to reports by The Block and market updates. The revision came after Strive purchased nearly 7,600 BTC over roughly two weeks.[2][3][4]

The rapid accumulation spree pushed Strive's holdings past TD Cowen's prior expectations for the entire fourth quarter. The Block reported that Strive is planning to raise fresh funding for further bitcoin purchases, while TD Cowen anticipates that warrant-related stock pressure on the company will ease.[1][2][3][4]

Key facts

  • TD Cowen raised its price target for Strive (ASST) from $44 to $56, a 27% increase.
  • TD Cowen maintained its Buy rating on Strive.
  • Strive acquired nearly 7,600 BTC in approximately two weeks.
  • The recent bitcoin purchases exceeded TD Cowen's forecast for Strive's entire fourth quarter.
  • Strive plans to seek fresh funding to acquire additional bitcoin.
  • TD Cowen expects warrant-related downward pressure on Strive's stock to ease.

Sources 路 4 sources

  1. CO

    CoinMarketCap@CoinMarketCapPost on X 路

    LATEST: 馃搱 TD Cowen raised its Strive price target to $56 from $44, as the firm's Bitcoin purchases over two weeks topped the analysts' forecast for all of Q4. https://t.co/ksi1U0EK5T

    Open source
  2. TB

    The BlockArticle 路

    Strive鈥檚 bitcoin buying spree earns 27% price target hike from TD Cowen Strive plans fresh funding for bitcoin purchases as TD Cowen sees warrant-related stock pressure easing.

    Open source
  3. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 BULLISH: TD Cowen raises its price target for Bitcoin treasury firm Strive $ASST from $44 to $56, maintaining its BUY rating. Strive has accumulated nearly 7,600 $BTC in just two weeks, already surpassing TD Cowen鈥檚 forecast for the entire fourth quarter. https://t.co/NKqk4id7VZ

    Open source
  4. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: TD Cowen raised its Strive $ASST price target to $56 from $44 while maintaining its Buy rating. Strive added nearly 7,600 $BTC in roughly two weeks, already blowing past TD鈥檚 forecast for the entire fourth quarter. https://t.co/AL4zjnC0ar

    Open source