Mizuho Maintains $165 Strategy Price Target, Citing Nearly 27% Potential Upside

After Strategy’s third-quarter 2026 earnings call, Mizuho maintained its Outperform rating and $165 price target, representing nearly 27% upside from the current price of $130. According to Odaily, analyst Dan Dolev said Strategy holds 848,500 Bitcoin and has reduced its net leverage ratio from 8.4% to 2.4%; its $5.1 billion in cash is enough to cover 3.4 years of dividend and interest payments, while Bitcoin holdings per share have fallen 3.7% year to date.