---
title: "Lance Vitanza Initiates Buy on Sharplink, Citing Improved Risk/Reward, Galaxy Partnership, and Undervalued ETH-Focused Fundamentals"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286083377.md"
description: "Lance Vitanza from TD Cowen has initiated a Buy rating on SharpLink Gaming with a price target of $16.00, citing improved risk/reward dynamics, a new partnership with Galaxy, and undervalued fundamentals related to Ethereum. He believes the current share price reflects temporary weakness rather than declining demand, supported by ongoing institutional and on-chain activity. Vitanza emphasizes management's focus on enhancing ETH per share through strategic capital deployment, making it an attractive entry point. Alliance Global Partners also maintains a Buy rating with a $15.00 target."
datetime: "2026-05-12T10:45:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286083377.md)
  - [en](https://longbridge.com/en/news/286083377.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286083377.md)
---

# Lance Vitanza Initiates Buy on Sharplink, Citing Improved Risk/Reward, Galaxy Partnership, and Undervalued ETH-Focused Fundamentals

Lance Vitanza, an analyst from TD Cowen, maintained the Buy rating on SharpLink Gaming. The associated price target is $16.00.

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Lance Vitanza has given his Buy rating due to a combination of factors pointing to an improved risk/reward profile as Ethereum-related demand broadens and Sharplink strengthens its ability to earn returns above simple staking. He views the new Galaxy partnership as a disciplined way to enhance capital productivity, which in turn supports a more favorable outlook for the stock.

He also believes the current share price undervalues Sharplink’s fundamentals, seeing the weakness as a temporary consequence of past deleveraging and macro liquidity rather than deteriorating demand, while institutional and on-chain activity continue to build. In his view, management’s focus on growing ETH per share through prudent capital deployment, combined with multiple structural demand drivers and a narrowing discount to NAV, creates an attractive entry point that justifies a Buy rating.

According to TipRanks, Vitanza is a 5-star analyst with an average return of 21.4% and a 49.03% success rate. Vitanza covers the Communication Services sector, focusing on stocks such as TKO Group Holdings, Strive Inc, and Opera.

In another report released yesterday, Alliance Global Partners also maintained a Buy rating on the stock with a $15.00 price target.

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