H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Coinshares International Limited today and set a price target of SEK175.00.
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Kevin Dede’s rating is based on several strategic moves by CoinShares International Limited that demonstrate a proactive and dynamic approach to growth. The recent acquisition of London-based Bastion Asset Management, which specializes in crypto quantitative alpha strategies, aligns well with CoinShares’ business model and adds valuable expertise to their team. This acquisition, along with the company’s direct U.S. listing, reflects a renewed sense of urgency and ambition in their management’s actions.
Furthermore, Kevin Dede has been observing CoinShares for over five years and has noted a positive evolution in their operations under the leadership of their charismatic CEO, JM Mognetti. The combination of these strategic initiatives and leadership qualities has led to a positive outlook on the company’s potential, justifying the Buy rating. The anticipation of further developments and deals in the near future also contributes to this optimistic assessment.