Bernstein initiated coverage of SharpLink Gaming (SBET) with an Outperform rating and $24 price target The firm expects SharpLink to emerge as a compliant-first-institutional focused investment vehicle to access ETH as an investment and yield-generating asset. The company also enjoys yield synergies within the broader Consensys group. Heading into a lower rate regime, Bernstein expects significant investor appetite for SharpLink’s ability to deliver a sustainable ETH yield over the industry ETH staking yield.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBET:
- Crypto Currents: Consensys files for IPO as Wall Street makes tokenization push
- SharpLink Gaming Deploys $200M on Consensys Linea
- SharpLink Gaming plans to deploy $200M of ETH on Consensys Linea
- Crypto Currents: Markets eye Fed, China trade talks
- Crypto Currents: Coinbase acquires capital raising platform Echo