Benchmark analysts expect Intchains’ stock to more than double, but lower target price
Benchmark analysts maintain a 'Buy' rating for Intchains, predicting a stock price doubling, but have lowered their price target to $3.Summary
Benchmark analysts remain optimistic about Intchains Group (NASDAQ: ICG), anticipating a more than doubling of its share price due to the company’s diversification efforts. However, they have reduced the price target from $4 to $3. The firm praised Intchains for evolving from a specialized altcoin mining hardware developer (Goldshell brand) into a broader crypto infrastructure platform encompassing hardware, staking services, and Ethereum accumulation. Intchains’ Ethereum treasury grew to 9,070 ETH in Q1 2024, with approximately 2,600 ETH staked. Despite the positive outlook, analysts acknowledge the company’s vulnerability to market instability, noting that hardware purchase delays occur when token prices fall or mining profitability declines. Revenue projections for 2026 have also been slightly lowered to $67.6 million, from a previous forecast of $70.9 million.
(Source：The Block)