Maxim lowered the firm’s price target on Intchains Group (ICG) to $7.50 from $8 and keeps a Buy rating on the shares. The firm cites the company’s Q1 earnings miss due to an unrealized loss in the change in value of cryptocurrencies held, though revenue was boosted by strong demand for a new product launch targeting cryptocurrency Aleo, the analyst tells investors in a research note.
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Read More on ICG:
- Intchains Group Ltd. Maintains Buy Rating Amid Growth Potential and Strategic Initiatives Despite Market Challenges
- Intchains Group ADR Reports Strong Q1 Earnings Amid Challenges
- Intchains Group price target lowered to $7 from $11 at Benchmark
- Intchains Group Reports Strong Revenue Growth in Q1 2025
- Intchains Group Limited Reports Robust Q1 2025 Financial Results Amid Market Challenges
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