Bullish Analysts Just Can’t Quit Strategy Shares After 60% Rout

It takes a lot to shake Wall Street analysts from their famously bullish views. Consider the case of Strategy Inc.

A 60% rout that wiped out $73 billion in value only turned three of the 19 analysts who cover the company into bears. Fifteen still have the equivalent of buy ratings. The median price target of 12 of those implies the stock will rise more than 150% in the next year to about $485 from its close of about $189 on Monday.