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Barclays has maintained its buy rating on Bitcoin-accumulating company Strategy (Nasdaq: MSTR) and raised its price target to $160, Crypto Briefing reported.
Crypto Briefing said Barclays initiated coverage of Strategy on July 8 with a $130 price target and a buy-equivalent overweight rating, then cut the target to $125 after the company’s second-quarter earnings release, citing BTC weakness, before raising it again. The outlet added that Barclays classifies Strategy not as a proxy for BTC investment but alongside U.S. fintech companies such as Visa and Mastercard.