TD Cowen cuts Sharplink price target to $13 on lower 2026 ether outlook

60-second summary

TD Cowen is cutting Sharplink's price target to $13 due to a revised 2026 ether forecast, but maintains its long-term Ethereum investment thesis. This adjustment reflects a more cautious outlook for ether's growth, potentially impacting Sharplink's valuation. The reduced target may influence investor decisions, but the long-term thesis remains intact, supporting Ethereum's continued adoption and development.