BTCS Inc. (BTCS) PT Lowered to $5 at H.C. Wainwright

H.C. Wainwright analyst Kevin Dede lowered the price target on BTCS Inc. (NASDAQ: BTCS) to $5.00 (from $7.00) while maintaining a Buy rating.

The analyst commented: "Last Friday, BTCS reported FY25 revenue of $16.5M, four-times above the $4.1M posted for FY24. Blockchain infrastructure revenue, primarily block building on the Ethereum network called Builder+ at BTCS and the company's current key line of business, grew to $15.2M from $4.1M and represented 92% of annual revenue driven by Builder+ on rising transaction activity and blockspace demand bolstered by staking Ethererum rewards. DeFi activities, branded as "Imperium" and introduced 3Q25, discussed Nov. 18 in Builder+ Scaling and Imperium Launch Differentiate From Pedestrian DAT Strategies added $1.3M in its initial scaling phase, was the balance of FY25 revenue, and compares against nihil generated in FY24. For the fourth quarter specifically, BTCS generated $7.1M, well above our $4.5M estimate and up 54% sequentially from 3Q25's $4.9M. With the fresh launch of Imperium, a new strategic initiative that is not long-lived enough to deliver meaningful results, we are tapering our price target to $5, down from $7, while recognizing the current crypto trading environment. Reiterate Buy."

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• AeroVironment wins $117M Army drone contract
• Goldman Sachs Upgrades Plains All American (PAA) to Neutral