Sachem Head's Scott Ferguson Sets $151 Target for Ionic Digital Shares

Scott Ferguson, managing partner of Sachem Head Capital Management, set a $151 target for Ionic Digital Inc. (IOND) shares at the 13D Monitor Active-Passive Investor Summit in New York on Tuesday, Oct. 20. His scheduled session was at 4 p.m. ET (20:00 UTC). The target is about 130% above Ionic’s $65.62 closing price that day. Ferguson also said, “We think management is pretty good.” The target came as Ionic shifts from Bitcoin (BTC) mining toward digital infrastructure leasing, including its move toward AI data centers .

Source: TokenPost