Alliance Global lowered the firm’s price target on SharpLink Gaming (SBET) to $20 from $48 and keeps a Buy rating on the shares. SharpLink now holds 864,402 Ethereum (ETH-USD) worth about $2.9B and has about 210M shares outstanding, notes the analyst, who also points out that the price of ETH is down about 30% since the firm’s last report, driving its lowered price target
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBET:
- Crypto Currents: MSCI decision sparks relief rally for crypto treasury stocks
- Strategy Stock (MSTR) Rallies After MSCI Delays DATs Index Boot
- SharpLink Gaming initiated with an Overweight at Cantor Fitzgerald
- Crypto Currents: Strategy resumes bitcoin purchases
- BitMine Locks Up $1B in Ethereum to Transform Crypto Reserves into High-Yield, Dividend-Paying Machines
