Scott Melker: TD Cowen cuts Nakamoto NAKA price target to $17 after Bitcoin outlook reset

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TD Cowen slashes NAKA price target

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4 hours ago

Scott Melker: TD Cowen cuts Nakamoto NAKA price target to $17 after Bitcoin outlook reset — TD Cowen slashes NAKA price target

Scott Melker, owner and content creator, reports that TD Cowen has reduced its price target for Nakamoto NAKA by 58 percent to $17 after updating its outlook on Bitcoin. The firm, however, maintains a buy rating for Nakamoto NAKA.

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Melker has previously covered major developments in the crypto sector, noting Vitalik Buterin's plans for an extensive Ethereum rebuild expected to match the impact of the Merge. In a separate report, Melker highlighted Citi's initiation of coverage on SpaceX SPCX with a buy rating and a year-end target of $200, with longer-term valuations above $900, according to his market notes. These updates follow his continued tracking of price targets and outlooks across key digital and technology assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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