ThinkEquity analyst Ashok Kumar initiated coverage of FG Nexus (FGNX) with a Buy rating and $12 price target The company has transformed into a pure-play Ethereum treasury vehicle, the analyst tells investors in a research note. The firm believes FG shares offer investors a “compliant, liquid, and actively managed equity proxy” for Ethereum.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FGNX: