B.Riley cuts Strive Enterprises stock price target on BTC assumptions
B.Riley reduced its price target for Strive Enterprises (NASDAQ:ASST) to $27.00 from $33.00, citing lower Bitcoin assumptions and a larger preferred stack. The stock trades at $20.86, down from its 52-week high. Strive reported Q3 2026 results, adding 8,136 Bitcoin in the quarter and 15,124 in October, with GAAP net income of $509.0 million. Analysts maintain a Strong Buy consensus.
How this was made
The 30-second read
Why it matters
The downgrade reduces the stock's upside target, potentially prompting short‑term selling.
Market read
The analyst's revised target may influence trader sentiment on ASST and other crypto‑linked equities.
What to watch
The announced $1 billion preferred stock offering could provide additional capital and support the share price.
Background
Analyst B.Riley revised its valuation model for Strive Enterprises, citing lower Bitcoin price forecasts and a larger preferred equity component.
Ticker impact
B.Riley lowered its price target on Strive Enterprises (ASST) to $27 from $33 due to a reduced Bitcoin price assumption and larger preferred stack.
likely pressure as the market prices in the lower Bitcoin price assumption and reduced valuation multiple.
The price‑target cut reflects a material change in valuation inputs, which typically leads to short‑term sell pressure.
Market effects
The downgrade may weigh on other Bitcoin‑exposed firms and crypto‑related equities.
Primarily U.S. equity market, with limited broader regional effect.
Limited to investors tracking crypto‑linked stocks.
Counterpoint
If Bitcoin rebounds sharply, the lower assumption may be too conservative, offering upside potential.
Key entities
- companyStrive Enterprises, Inc.
Bitcoin‑focused investment firm whose stock trades under ASST.
- analyst_firmB.Riley
Equity research house that issued the price‑target cut.
