8 articles tagged with #td-cowen. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
TD Cowen has initiated coverage on three public Bitcoin treasury companies and classified the sector as a legitimate investable equity category. The firm simultaneously issued a price target of approximately $140,000 for Bitcoin in 2026, signaling institutional confidence in both the asset and the emerging corporate treasury strategy.
TD Cowen warns that the CLARITY Act, aimed at providing cryptocurrency regulatory clarity, may not pass until 2027 and could take effect as late as 2029 without action by April. Galaxy Digital's Alex Thorn emphasizes the tight timetable for the bill to clear committee by the end of the current legislative period.
TD Cowen believes Congress is moving closer to permanently banning a Federal Reserve Central Bank Digital Currency (CBDC). This potential ban would benefit stablecoin issuers but could complicate the passage of the Clarity Act.
TD Cowen predicts that more cryptocurrency firms will likely receive Federal Reserve master accounts, despite expected objections from traditional banks. The analysis suggests banks lack sufficient power to block these regulatory approvals, though litigation attempts are anticipated.
TD Cowen analysts state that Trump's social media posts about crypto legislation are insufficient to advance bills through Congress. They argue Trump's direct involvement is needed but unlikely while the U.S. faces armed conflict with Iran.
TD Cowen analyst Jaret Seiberg suggests the window for crypto legislation extends until the August congressional recess, rejecting the notion that a deal must be reached within weeks. The firm maintains its view that crypto regulatory legislation could potentially be delayed until 2027.
TD Cowen upgraded Ciena (CIEN) stock to Buy with a $425 price target after the company beat Q1 estimates with 33% year-over-year revenue growth. The strong performance is attributed to accelerating AI datacenter demand driving network infrastructure needs.
TD Cowen analysts predict that banks will ultimately lose the political battle over stablecoin yields, as they are positioned against consumer interests in receiving payments. However, a prolonged dispute could jeopardize the passage of cryptocurrency legislation.
