TD Cowen has raised its price target for The Smarter Web Company to £0.73 ($0.99) from £0.64 ($0.87) while keeping its Buy rating after the Bitcoin treasury firm proposed a new perpetual preferred-share offering. TD Cowen analysts led by Lance…
The proposed IPO could enhance Smarter Web's capital efficiency, offering UK investors unique Bitcoin exposure with potential downside protection.
TD Cowen raised its Smarter Web price target after its proposed MORE preferred IPO, citing broader funding options and capital efficiency.