H.C. Wainwright analyst Mike Colonnese raised the firm’s price target on Bitcoin Depot (BTM) to $4 from $3.50 and keeps a Buy rating on the shares. The firm says Bitcoin Depot shares have “overcorrected” in Q1. The stock is now trading at less than one-times 2026 gross profit estimates, which creates an attractive entry point, the analyst tells investors in a research note. H.C. Wainwright believes Bitcoin Depot’s international expansion and new product offerings could provide upside to 2026 forecasts.
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