Barclays Initiates Coverage of Strategy (MSTR) With Buy Rating and $130 Target

Barclays has initiated coverage of Strategy (MSTR) for the first time, assigning a buy rating and a $130 price target, according to a post by BitcoinTreasuries.NET on X cited by Odaily. The post said Barclays, described as a bank with $2.3 trillion in assets, categorized Strategy alongside Visa and Mastercard. It also said Wall Street is no longer referring to MSTR as a “crypto proxy,” instead describing it as “fintech.”