[TD Cowen Raises Smarter Web Target Price to $0.99, Bullish by 90%] According to Deep Tide TechFlow on September 14, as reported by The Block, TD Cowen has raised the target price for Bitcoin treasury company Smarter Web from $0.87 to $0.99, maintaining a buy rating, with approximately 90% upside potential compared to the current stock price. The reason for the upgrade is the company's plan to launch a perpetual preferred stock IPO codenamed 'MORE,' which will further expand its capital market financing channels. The MORE stock is expected to feature cumulative floating-rate dividends (paid weekly), liquidation preference, and redemption rights, but will not include shareholder voting rights. The proposal is still subject to shareholder and FCA approval. Additionally, Smarter Web's BTC Yield year-to-date is approximately 11.5%. TD Cowen also forecasts Bitcoin's year-end benchmark target price to be $100,000, with an optimistic scenario reaching $175,000.