Strive Adds 2,500 BTC as Strategy Sells; ASST Drops 4% Pre-Market
Benchmark initiated coverage with a Buy rating and $32 price target, but ASST shares fell 4% pre-market. The decline suggests the market is not buying the bullish thesis or broader headwinds are at play.
- ▼ Benchmark initiated coverage with Buy rating and $32 target
- ▲ The Buy rating could eventually attract buyers if fundamentals align
- ▲ The 4% drop might be a knee-jerk reaction that reverses
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Why did ASST drop despite a Buy rating?
Analyst coverage initiation alone doesn't always move stocks higher; pre-market trading can reflect broader market conditions or profit-taking ahead of the coverage.
What is the price target for ASST?
Benchmark's Mark Palmer set a $32 price target on ASST.