---
title: "Sharplink's First-Quarter Revenue Surpasses $12 Million, TD Cowen Maintains Buy Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286110321.md"
description: "Sharplink has reported first-quarter revenue exceeding $12 million, prompting TD Cowen to reaffirm its buy rating and maintain a $16 price target for the company. According to NS3.AI, Sharplink also revealed a co-managed yield fund with Galaxy Digital, aiming for approximately $125 million, with Sharplink contributing around $100 million. TD Cowen highlighted that the stock's discount to NAV and the increasing demand for Ethereum enhance the risk-reward profile."
datetime: "2026-05-12T13:27:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286110321.md)
  - [en](https://longbridge.com/en/news/286110321.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286110321.md)
---

# Sharplink's First-Quarter Revenue Surpasses $12 Million, TD Cowen Maintains Buy Rating

Sharplink has reported first-quarter revenue exceeding $12 million, prompting TD Cowen to reaffirm its buy rating and maintain a $16 price target for the company. According to NS3.AI, Sharplink also revealed a co-managed yield fund with Galaxy Digital, aiming for approximately $125 million, with Sharplink contributing around $100 million. TD Cowen highlighted that the stock's discount to NAV and the increasing demand for Ethereum enhance the risk-reward profile.

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