[TD Cowen: Strategy stock target price $585, upside potential approximately 170%]
TD Cowen analysts Lance Vitanza and Jonnathan Navarrete stated that despite Strategy's mNAV recently falling below 1 and Bitcoin prices dropping to a seven-month low, this does not alter its long-term outlook. The analysts maintain a target price of $585 for MSTR, representing an upside potential of approximately 170% compared to the current stock price of around $194. They believe the current weakness mainly reflects market volatility rather than changes in the company's ability to accumulate additional Bitcoin.