Shares of MSTR and XYZ fell in pre-market trading despite Barclays initiating coverage with ‘Overweight’ ratings. <\/p>\n
While both targets imply upside from current levels, Barclays’ price target for Strategy was well below the broader Wall Street consensus. <\/p>\n
On Stocktwits, some retail traders expect Strategy shares to decline further, while others remain optimistic about Bitcoin’s long-term outlook tied to the CLARITY Act. <\/p>\n
Shares of Michael Saylor-backed Strategy (MSTR) and Jack Dorsey-led Block (XYZ) dropped in pre-market trade on Wednesday amid the broader sell-off in stocks despite getting an ‘Overweight’ rating from Barclays. <\/p>\n
The firm gave MSTR stock a price target of $130 and XYZ stock a price target of $100, as per a note to investors cited by TheFly. It said the broader sector reset was aimed at identifying “durable franchises” positioned for long-term growth as Barclays initiated coverage of the U.S. payments and fintech industry. <\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a> <\/p>\n While both price targets represent an upside of around 30% for both stocks, the $130 price target on MSTR is grossly below the analyst average of over $303, as per Koyfin data. The $100 price target on XYZ sits only 8% higher than the average target of $91.91. <\/p>\n MSTR stock fell nearly 3% in pre-market trade after a drop of over 3% in the previous session. On Stocktwits, retail sentiment around Strategy shares fell to ‘bullish’ from ‘extremely bullish’ territory over the past day, accompanied by chatter at ‘normal’ levels. <\/p>\n Broader Market Weakness Weighs On Fintech Stocks <\/p>\n