BUSINESSTHE BLOCK
TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive’
TD Cowen reduced its Bitcoin price target from $400 to $260 due to a lower forecast but described the new capital framework as 'constructive'.
Related Signal
Adjacent reporting
- Benchmark sees over 500% upside in Strategy, reiterates $570 target on new capital framework
- Bitcoin gets new $50K target after BTC price crashes 6% in a day
- TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging
- Benchmark sees Coinbase moving past ‘cyclical crypto brokerage,’ reiterates $270 price target
- Standard Chartered Reaffirms $40K Ethereum Price Target Due to DeFi Dominance
- Standard Chartered Calls Crypto Bottom as Bitcoin Price Recovers From $59,000 Low