TD Cowen Reduces Nakamoto Price Target Amid Revised Bitcoin (BTC) Market Outlook
TD Cowen has significantly revised downward its price objective for Nakamoto Inc., the bitcoin-focused treasury firm associated with David Bailey, in response to an updated assessment of the cryptocurrency’s trajectory. Analysts at the firm reduced the split-adjusted target from the equivalent of $40 to $17, a decrease of 58 percent, while continuing to assign a […]