H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Coinshares International Limited today and set a price target of SEK120.00.
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.
Kevin Dede has given his Buy rating due to a combination of factors including a significant increase in assets under management (AUM) driven by the appreciation in digital asset prices. CoinShares reported a 32% sequential rise in AUM by the end of the second quarter of 2025, indicating a strong recovery from the previous quarter’s decline. This growth is primarily attributed to the rising prices of Bitcoin and Ethereum, which have positively impacted the company’s revenue streams.
Additionally, CoinShares’ business model, which generates consistent cash flow, and its strategic product development initiatives in the U.S. market have bolstered confidence in its future performance. Despite regulatory challenges, the company is poised to introduce new products, enhancing its market presence. These factors, coupled with a revised price target, underpin Dede’s optimistic outlook and Buy rating for CoinShares International Limited.
In another report released on August 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a SEK122.00 price target.