Bearish Forecast: Strategy (MSTR) Stock Slides 19%, Analyst Expects Further Declines

Strategy (previously MicroStrategy), the software firm co-founded by Bitcoin (BTC) bull Michael Saylor has seen its stock, MSTR, take a considerable hit plummeting by nearly 20% since last month, in line with the broader market correction. This downward trend is expected to persist, according to Gus Galá, an analyst at Monness, Crespi, Hardt, who recently reiterated a Sell rating on the stock with a price target set at $175. Analyst Cautions Against Long Positions In Strategy On Thursday, shares of Strategy fell an additional 2. 4%, closing at $336 source: https://www.newsbtc.com/news/bearish-forecast-strategy-mstr-stock-slides-19-analyst-expects-further-declines/