MSTR Falls 4%, XYZ Slides 1.5% on Wednesday Despite Barclays Overweight Rating

BTC-2.87%
On Wednesday morning, shares of Michael Saylor-backed Strategy (MSTR) and Jack Dorsey-led Block (XYZ) fell 4% and 1.5% respectively amid a broader stock market sell-off, despite receiving 'Overweight' ratings from Barclays. Barclays set a price target of $130 for MSTR and $100 for XYZ, implying around 30% upside for both stocks. However, the $130 target for MSTR is significantly below the analyst consensus of over $303, while the $100 target for XYZ sits only 8% above its average target of $91.91. Bitcoin dropped below $62,000 during the market weakness.
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