TD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook
The Block·
60-second summary
TD Cowen is cutting Smarter Web's price target 36% to £0.64, citing revised bitcoin forecasts and treasury assumptions. The firm maintains a Buy rating despite the reduced target, indicating confidence in the company's fundamentals. This move reflects a cautious approach to Smarter Web's valuation, influenced by evolving market conditions and bitcoin's price trajectory.
TD Cowen cut Smarter Web's price target to £0.64 while maintaining a Buy rating, citing revised bitcoin forecasts and treasury assumptions.