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TechFlow News, July 20: According to The Block, TD Cowen lowered The Smarter Web Company's target price from £1 to £0.64, maintaining a buy rating. The analyst cited factors such as revised Bitcoin price forecasts, recent treasury activities, and updates to dilution assumptions, while noting that the company's Q2 Bitcoin holdings have increased from 2,699 BTC to 2,878 BTC. The stock closed up 2% last Friday at £0.29.
According to The Block, TD Cowen lowered The Smarter Web Company's target price from £1 to £0.64, maintaining a buy rating. The analyst cited factors such as revised Bitcoin price forecasts, recent treasury activities, and updated dilution assumptions, while noting that the company's Q2 Bitcoin holdings increased from 2,699 BTC to 2,878 BTC. The stock closed up 2% last Friday at £0.29.
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