Woofun AI reports that TD Cowen reduced the price target for Smarter Web Company (SWC) to 0.64 pound from 1 pound, retaining its Buy rating. The adjustment reflects revised Bitcoin price expectations, potential share dilution from future issuances, and increased second-quarter BTC holdings. SWC’s Bitcoin reserves grew to 2,878 BTC in Q2, up from 2,699 BTC previously. Despite the lower target, SWC shares closed at 0.29 pound on July 17, up 2%, as investors weighed the maintained rating against dilution concerns and broader market uncertainties.