Key Takeaways
- • Benchmark reduced its price target for Strategy (MSTR) from $705 to $570, representing a 19.1% downward revision as of May 6, 2026.
- • The analyst firm maintained its Buy rating despite the target reduction, signaling continued conviction in the equity despite near-term valuation compression.
- • The $570 target reflects revised market conditions and expectations, according to multiple sources citing changes in the investment thesis underlying the prior $705 year-end 2026 projection.
- • Prior thesis anchored to a $225,000 Bitcoin target for year-end 2026, with Strategy's valuation heavily dependent on Bitcoin price appreciation and its corporate treasury holdings.
Summary
Benchmark Co. lowered its price target for Strategy Inc. (NASDAQ: MSTR) to $570 from $705 on May 6, 2026, according to BlockBeats News. The revision represents an 19.1% reduction from the prior target established earlier in the year. Notably, Benchmark maintained its Buy rating on the equity despite the downward adjustment, indicating that the analyst firm continues to see fundamental value in the position even as near-term valuation expectations have been recalibrated.
The original $705 price target had been anchored to a year-end 2026 Bitcoin price expectation of $225,000, with Strategy's valuation inherently tied to Bitcoin's performance given the company's significant cryptocurrency treasury holdings. The revised $570 target reflects Benchmark's updated expectations regarding Bitcoin price trajectories and broader market conditions affecting digital asset valuations. This adjustment aligns with a period of volatility in cryptocurrency-correlated equities, where market sentiment on Bitcoin's price ceiling has undergone material revision.
The downgrade occurs within the context of Strategy's broader trading dynamics in 2026, where the equity has experienced significant drawdowns amid fluctuating cryptocurrency market conditions. Benchmark's decision to lower its target while maintaining Buy sentiment suggests the firm views current valuations as approaching more attractive entry points for institutional investors with conviction on Bitcoin's long-term trajectory and Strategy's positioning as a Bitcoin-proxy equity.
The original $705 price target had been anchored to a year-end 2026 Bitcoin price expectation of $225,000, with Strategy's valuation inherently tied to Bitcoin's performance given the company's significant cryptocurrency treasury holdings. The revised $570 target reflects Benchmark's updated expectations regarding Bitcoin price trajectories and broader market conditions affecting digital asset valuations. This adjustment aligns with a period of volatility in cryptocurrency-correlated equities, where market sentiment on Bitcoin's price ceiling has undergone material revision.
The downgrade occurs within the context of Strategy's broader trading dynamics in 2026, where the equity has experienced significant drawdowns amid fluctuating cryptocurrency market conditions. Benchmark's decision to lower its target while maintaining Buy sentiment suggests the firm views current valuations as approaching more attractive entry points for institutional investors with conviction on Bitcoin's long-term trajectory and Strategy's positioning as a Bitcoin-proxy equity.
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