Canaccord maintained a Buy rating on Strategy and raised MSTR price target to $175.
Analyst expects stronger balance sheet and renewed potential for BTC acquisitions amid market recovery.
MSTR stock price dropped 1.20% in premarket on Tuesday as Bitcoin slips below $79K.
Canaccord has raised Michael Saylor's Strategy stock price target, while maintaining a Buy rating. MSTR stock price is trading more than 1% down in premarket on Tuesday amid Bitcoin price pullback.
Canaccord raised MSTR stock price target to $175 from $130, maintaining a Buy rating. The company's Bitcoin-focused strategy benefits from improving crypto market conditions.

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