Published Jul 20, 2026, 4:19 AM ET · Updated 4 months ago · 2 sources
THE BLOCK: TD Cowen cut its price target on The Smarter Web Company to £0.64 from £1 while maintaining a Buy rating. The stock closed up 2% at £0.29 on Friday. Analysts cited revised bitcoin price forecasts, recent treasury activity and updated dilution assumptions, while noting the company's holdings increased from 2,699 BTC to 2,878 BTC in Q2.
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THE BLOCK: TD Cowen cut its price target on The Smarter Web Company to £0.64 from £1 while maintaining a Buy rating. The stock closed up 2% at £0.29 on Friday. Analysts cited revised bitcoin price forecasts, recent treasury activity and updated dilution assumptions, while noting the company's holdings increased from 2,699 BTC to 2,878 BTC in Q2.