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