Cantor Fitzgerald more than doubled its price target on BitMine Immersion Technologies, raising it from $30.60 to $63.60 while maintaining an Overweight rating. The company now holds approximately 5.93 million ETH as a core treasury asset, effectively turning BMNR stock into a leveraged proxy for Ethereum’s price movements. With shares trading near $24.20 when the note hit, the new target implies roughly 163% upside. Cantor’s $63.60 target stands 36% above the street consensus of $46.80, and shares rose about 8% following the note’s release.
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