TD Cowen sees 90% upside for Smarter Web after proposed MORE IPO
Covered by 3 sources · 3 articles
TD Cowen lifted its price target for The Smarter Web Company following the firm's announcement of a proposed perpetual preferred-share offering. The analyst firm raised its target to £0.73 from £0.64, maintaining a Buy rating. The new offering could strengthen the company's capital structure and broaden funding avenues, while providing UK investors with direct Bitcoin exposure alongside potential downside safeguards. TD Cowen cited improved capital efficiency as a driver of the higher valuation.
- TD Cowen upgraded its price target by roughly 14%, seeing the preferred offering as a catalyst for better balance-sheet management.
- The preferred shares are designed to offer Bitcoin investors in the UK a vehicle with embedded protection mechanisms.
- The analyst firm views the capital-raising move as expanding the company's strategic flexibility.
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TD Cowen sees 90% upside for Smarter Web as preferred share plan advances
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 La…
TD Cowen sees 90% upside for Smarter Web after proposed MORE IPO
The proposed IPO could enhance Smarter Web's capital efficiency, offering UK investors unique Bitcoin exposure with potential downside protection.
TD Cowen sees 90% upside for bitcoin treasury firm Smarter Web following proposed ‘MORE’ preferred IPO
TD Cowen raised its Smarter Web price target after its proposed MORE preferred IPO, citing broader funding options and capital efficiency.