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Bernstein Sees 75% Upside for Ether Treasury Firm SharpLink, Initiates at Outperform

Bernstein initiated coverage of Nasdaq-listed SharpLink Gaming (SBET) with an outperform rating and a 24target,citingroughly7524 target, citing roughly 75% upside. The shares were modestly higher in early trading on Thursday, around 13.65. The broker said SharpLink is a leading Ethereum treasury, that owns 0.7% of total ETH, and a compliant, institutional vehicle for exposure to ether's yield and growth. SharpLink is seen benefiting from its link to Consensys and a shift toward lower interest rates, which could boost demand ...