Wall Street investment bank Maxim Group has cut its price target on Strategy (NASDAQ: MSTR) while keeping its Buy rating. The update is in response to the Bitcoin treasury company’s recent Bitcoin sales, which have been the subject of a wave of scrutiny.

Wall Street Analysts Cut MSTR Stock Price Targets

Maxim lowered its goal to $215 from $250. Despite the cut, the new target still implies a potential upside of around 120% from the current price of Strategy stock. Recently, MSTR stock ended Wednesday at $98.37, up $0.72, or 0.74%.

The latest reduction has joined a string of cuts by Wall Street firms. As Bitcoin price expectations have turned gloomy and Strategy has shifted from its “never sell’ stance, analysts have become more…