B.Riley cuts Strive Enterprises stock price target on BTC assumptions

B.Riley has reduced its price target for Strive Enterprises stock from $33.00 to $27.00, maintaining a Buy rating. The firm attributed this adjustment to lower Bitcoin expectations and a larger preferred stake. Strive's shares, currently trading at $20.86, have fallen from a 52-week high of $34.40. Analysts hold a Strong Buy consensus, with price targets ranging from $33 to $56, though some believe the stock could be overvalued.

Strive Enterprises reported strong third-quarter 2026 results, adding 8,136 Bitcoin for a total of 43,124, and recording a $509.0 million GAAP net income. The company anticipates a 47,000 Bitcoin holding by year-end and a $2.4 billion preferred stack. B.Riley lowered its fourth-quarter Bitcoin price assumption to $82,500, and applied a lower EV/modified net asset value multiple for Strive's Bitcoin treasury.

Strive is also planning a $1 billion at-the-market offering for its 15.00% Series A Perpetual SATS Preferred Stock, with a fixed annual dividend rate of 15.00%. StoneX has reaffirmed its Buy rating on Strive Enterprises with a price target of $32.00, while also raising its target for Asset Entities Inc. to $43.00.