Cantor Fitzgerald reiterates buy rating on Strategy with $208 target

What happened

Cantor Fitzgerald reiterated its Buy, also described as Overweight, rating on Strategy and kept its $208 price target. The November 9, 2026 note reaffirmed a target first raised from $186 on October 16; Cantor cited the software business and Bitcoin holdings in its valuation.

Confirmed

Global impact / market context

Cantor’s valuation links Strategy’s estimated worth to both projected software sales and Bitcoin’s price. A lower Bitcoin valuation or weaker software sales could reduce the value Cantor assigns to the company, while higher assumptions support its $208 target; neither guarantees the shares will reach it.

Analyst inference

The article describes analyst views as broadly positive, but Cantor’s $208 target is below the reported consensus range of $244 to $333. Other cited calls also differ: BTIG had a $250 target, while B. Riley lowered its target to $180 and kept Buy.

Confirmed

What to watch

1. Watch for Cantor to change its $208 target or rating; the article says November’s note maintained the target rather than introducing a new one. Analyst inference
2. Changes in Cantor’s Bitcoin forecast could alter the value assigned to Strategy’s holdings, since its valuation combines those coins with the software business. Analyst inference
3. Track whether Strategy’s software sales and Bitcoin holdings match the assumptions cited: projected 2027 sales of $509 million and approximately 848,000 BTC in mid-October 2026. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• cryptobriefing.com