TD Cowen lowers target price for The Smarter Web Company and discloses increased bitcoin holdings in the second quarter
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According to The Block, TD Cowen has lowered The Smarter Web Company’s target share price from £1 to £0.64, while maintaining a buy rating. Analysts cited revised Bitcoin price forecasts, recent treasury activities, and updates to dilution assumptions as factors. They also noted that The Smarter Web Company’s Bitcoin holdings increased from 2,699 BTC to 2,878 BTC in the second quarter.
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