Wall Street Giant Citigroup Goes Bullish on MicroStrategy Stock

$1.75 trillion Wall Street banking giant Citigroup reiterates buy rating on MicroStrategy stock, indicating bullish sentiment on Bitcoin treasury company. This comes following notable confidence among executives to continue its Bitcoin accumulation strategy despite billions in losses.

Citi Maintains Buy Rating Despite Price Target Adjustment

Banking giant Citigroup reiterated a ‘buy’ rating on MicroStrategy stock, according to an X post by BitcoinTreasuries on February 9. Citigroup analyst Peter Christiansen set a price target of $325.

It likely comes amid continued institutional interest in Michael Saylor’s Strategy (formerly MicroStrategy), despite a more than 50% decline in MSTR stock over the past 3 months.

Moreover, Strategy’s chief executive Michael Saylor and CEO Phong Le assured more Bitcoin purchases despite net losses of $12.4 billion in Q4 2025. CEO Phong Le ruled out liquidation risks unless Bitcoin price plummets to $8,000 and stays there for 5 years. CFO Andrew Kang also argued that MicroStrategy’s capital structure is stronger and more resilient today than ever before.

Citigroup first initiated coverage on MicroStrategy in October last year, with a buy rating and a price target of $485. However,  the firm adjusted the target downward to $325 per share in December, while maintaining the ‘buy’ rating due to the October crypto market crash.

Notably, Canaccord Genuity, Maxim Group, and TD Cowen maintained their buy rating on MicroStrategy stock. However, they sharply cut MSTR stock price target. Maxim Group reduced its MSTR stock price target from $425 to $200 last week.

MSTR Stock Price Action Today

MicroStrategy (NASDAQ: MSTR) stock is down almost 4% during the premarket hours on February 9. However, MSTR stock price closed 26.11% higher at $134.93 on Friday.

Recently, MSTR stock dropped more than 17% in a single day as Bitcoin tumbled more than 14% to below $65,000.

This was one of its deepest single-day drops in years, pushing it to a two-year low. MSTR stock has witnessed massive trading volume of 56 million, significantly above the average of 22 million.

At the time of writing, BTC price has dropped more than 2% to $69,110 over the past 24 hours, erasing earlier gains. The 24-hour low and high are $68,389 and $72,206, respectively.