Michael Saylor’s Bitcoin treasury company Strategy Inc. reported a $2.8 billion beat on net income for the third quarter. Yet, even that wasn’t enough to assuage the concerns of some Wall Street analysts.

At least three analysts — from Cantor Fitzgerald LP, TD Cowen and Maxim Group LLC — lowered their price target on the company following its earnings on Friday, taking the average target to its lowest since May. Their top concern was about how the rest of the year will play out for Strategy as the premium it can get compared to its Bitcoin holdings continues to shrink.