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TD Cowen reduced its price target on Sharplink to $13, the firm said, after lowering its 2026 ether price forecast.
The firm kept its long-term Ethereum investment thesis unchanged, framing the move as a near-term calibration rather than a structural shift on the asset or the company.
Target mechanics The price target cut traces directly to TD Cowen's revised $ETH outlook for 2026. Sharplink's exposure to ether means the firm's model is sensitive to changes in the asset's expected price.
Adjust the 2026 forecast, and the implied value for Sharplink shares follows. No specific ether price figure for 2026 was disclosed in the firm's summary.
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