{"id":35729,"date":"2025-07-08T13:16:48","date_gmt":"2025-07-08T13:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35729"},"modified":"2025-07-08T13:16:48","modified_gmt":"2025-07-08T13:16:48","slug":"semler-scientific-gets-buy-rating-from-benchmark-101-price-target-on-bitcoin-treasury-pivot","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35729","title":{"rendered":"Semler Scientific Gets Buy Rating From Benchmark, $101 Price Target on Bitcoin Treasury Pivot"},"content":{"rendered":"<div>\n<p>Benchmark&#8217;s Mark Palmer initiated coverage of Semler Scientific (SMLR) with a buy rating and a $101 price target, citing the company\u2019s dramatic pivot from medical diagnostics to bitcoin (BTC) accumulation as a key value driver.<\/p>\n<p>Semler, which spent over 15 years focused on chronic disease detection, <a href=\"https:\/\/www.coindesk.com\/business\/2024\/05\/28\/medical-device-maker-semler-scientific-stock-rises-25-after-40m-bitcoin-investment\">adopted bitcoin<\/a> as its primary treasury reserve asset in May last year. <\/p>\n<p>The move made it only the second U.S.-listed firm, after Michael Saylor&#8217;s Strategy (MSTR), to adopt bitcoin as a treasury reserve asset.<\/p>\n<p>Since then, the company has acquired roughly 4,636 BTC for $430 million, with an average cost basis of $92,753 per bitcoin, the report said.<\/p>\n<p>Palmer noted that the stock rallied 178% in the six and a half months following its Bitcoin Standard announcement, peaking at $81.56 in December 2024.  However, the analyst argued that Semler still trades at a steep discount compared to bitcoin treasury peers. <\/p>\n<p>Its multiple of net asset value (mNAV) sits at 1.25, compared to 4.29 for Japan-based Metaplanet (3350) and 6.45 for France\u2019s Blockchain Group (ALTBG), the analyst noted.<\/p>\n<p>Benchmark believes this gap could close. Management recently appointed Joe Burnett as Director of Bitcoin Strategy and outlined bold BTC accumulation targets: 10,000 BTC by end of 2025, 42,000 by end of 2026, and 105,000 by end of 2027.<\/p>\n<p>The report notes that resolving legal and regulatory headwinds from Semler\u2019s legacy healthcare business, including a Department of Justice (DOJ) investigation and Medicare reimbursement uncertainties, could help lift its valuation further.<\/p>\n<p>Benchmark\u2019s $101 price target is based on a sum-of-the-parts valuation that assumes bitcoin will hit $225,000 by year-end 2026.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/06\/26\/semler-scientific-trades-at-premium-to-bitcoin-holdings-for-first-time-in-three-weeks\"><span style=\"text-decoration:underline\">Semler Scientific Trades at Premium to Bitcoin Holdings for First Time in Three Weeks<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark&#8217;s Mark Palmer initiated coverage of Semler Scientific (SMLR) with a buy rating and a $101 price target, citing the company\u2019s dramatic pivot from medical diagnostics to bitcoin (BTC) accumulation as a key value driver. Semler, which spent over 15 years focused on chronic disease detection, adopted bitcoin as its primary treasury reserve asset in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35729","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35729"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35729\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}