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

The Block·July 20, 2026·1 min read
TD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook

TD Cowen cut Smarter Web's price target to £0.64 while maintaining a Buy rating, citing revised bitcoin forecasts and treasury assumptions. The 36% reduction reflects updated expectations for the company's bitcoin holdings and market outlook, though the investment bank still recommends buying the stock at its new target price.

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