TD Cowen has reduced the price target for The Smarter Web Company from £1 to £0.64, while maintaining a buy rating. The adjustment reflects revised Bitcoin price forecasts, recent treasury activities, and updated dilution assumptions. Despite the lowered target, the company's Q2 Bitcoin holdings rose from 2,699 BTC to 2,878 BTC. The stock closed last Friday at £0.29, marking a 2% increase.
TD Cowen Cuts The Smarter Web Company Price Target, Keeps Buy Rating
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