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.
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