Nearly 27% Potential Upside as Mizuho Maintains $165 Price Target on Strategy

Odaily: Following Strategy's Q3 2026 earnings call, Mizuho maintained its "Outperform" rating and $165 price target, implying nearly 27% upside from the current price of $130. Analyst Dan Dolev noted that Strategy holds 848,500 BTC, its net leverage ratio has dropped from 8.4% to 2.4%, and its $5.1 billion in cash assets is sufficient to cover 3.4 years of dividend and interest expenses. Year to date, Strategy's BTC per share has declined 3.7%.