Investment bank Cantor Fitzgerald lowered its target price for Strategy shares by 59%, but remains bullish on them in the long term.

According to Odaily Planet Daily, analysts at investment bank Cantor Fitzgerald have set a 12-month price target of $229 for Strategy's stock, about 59% lower than their previous estimate of $560. However, Cantor Fitzgerald reiterated its "overweight" rating and remains bullish on the stock in the long term.

Analysts now expect Strategy Inc. to raise $7.8 billion from capital markets over the next year, instead of the previously anticipated $22.5 billion. (Decrypt)