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Home›Crypto›Market Structure›TD Cowen cuts Smarter Web price target on revised bitc…

TD Cowen cuts Smarter Web price target on revised bitcoin outlook

The firm set Smarter Web’s target at £0.64 after lowering its assumptions tied to bitcoin and treasury conditions.

Reported · Written up by our desk · Market Structure

TD Cowen lowered its price target for Smarter Web to £0.64 while keeping a Buy rating, citing changes to its bitcoin outlook. The Block reports the cut follows revised expectations for how bitcoin could perform and the assumptions used for treasury considerations.

The note to investors reflects that Cowen’s updated view on bitcoin is translating into a lower valuation for Smarter Web. The Block says the target adjustment comes alongside the maintained Buy stance, with the revised forecast framework driving the change.

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Sources

The BlockTD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook

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