Noble Capital analyst Michael Kupinski lowered the firm’s price target on Bitcoin Depot (BTM) to $6 from $35 and keeps an Outperform rating on the shares after the company’s Class A common stock began trading on a 1-for-7 split-adjusted basis on Nasdaq. The firm updated its price target to reflect the 1-for-7 split as well as the trading level of the company’s peers, the analyst noted.
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