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TD Cowen cuts Sharplink price target to $13 after lowering 2026 ether outlook
The firm reduced its 2026 Ethereum forecast, citing a weaker near-to-mid term outlook while keeping its longer term Ethereum investment thesis.
The Block reports that TD Cowen lowered its price target for Sharplink to $13 after trimming its forecast for Ethereum in 2026.
According to The Block, the change follows a reduction in the firm's 2026 ether outlook, rather than a shift away from its longer-term view of Ethereum.
The outlet adds that TD Cowen maintained its long-term Ethereum investment thesis even as it adjusted the near-to-mid term assumptions behind its model.
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