Semler Scientific price target raised to $71 from $40 at Lake Street

Lake Street analyst Brooks O’Neil raised the firm’s price target on Semler Scientific (SMLR) to $71 from $40 and keeps a Buy rating on the shares after the company reported preliminary Q4 results from operations that were about what the firm expected. Semler has leaned into its bitcoin Treasury strategy, and it is clear management and the board view bitcoin as “central to the future,” says the analyst, who recognizes the inherent volatility of Bitcoin and view this as a risk for investors, but affirms a Buy rating based on results from operations.