B. Riley lowered the firm’s price target on Sequans (SQNS) to $11 from $13 and keeps a Buy rating on the shares. Estimates for Digital Asset Treasury Companies have been revised down due to ongoing sector headwinds and weak pricing, with BTC, ETH, and SOL treasuries underperforming their underlying assets since mid-October, the analyst tells investors in a research note. Despite these cuts, valuation dislocations remain, and potential support could come from ROE-enhancing actions-such as buybacks, preferred issuance, or restaking-and stabilization in crypto markets, the firm says.
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