Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
US Stocks:
Michael Saylor during the Bitcoin 2025 conference in Las Vegas in May.
Michael Saylor’s Bitcoin treasury company Strategy Inc. reported a $2.8 billion beat on net income for the third quarter. Yet, even that wasn’t enough to assuage the concerns of some Wall Street analysts.
At least three analysts — from Cantor Fitzgerald LP, TD Cowen and Maxim Group LLC — lowered their price target on the company following its earnings on Friday, taking the average target to its lowest since May. Their top concern was about how the rest of the year will play out for Strategy as the premium it can get compared to its Bitcoin holdings continues to shrink.