SharpLink Gaming price target lowered to $40 from $50 at Citizens
Citizens analyst Devin Ryan lowered the firm’s price target on SharpLink Gaming (SBET) to $40 from $50 and keeps an Outperform rating on the shares following the fiscal 2025 report. The target cut reflects the recent trading below net asset value, which has constrained SharpLink’s capital formation and slowed the pace of NAV expansion, the analyst tells investors in a research note. Citizens views this dynamic as transitory. It believes SharpLink’s fundamentals continue to improve and remains constructive on the long-term Ethereum opportunity.
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Read More on SBET:
- Sharplink Stock Feels the Sting of Ethereum’s Price Crash with a $735M Net Loss, While Revenue Explodes 659%
- Sharplink Gaming Warns ETH Volatility and Regulatory Risks Could Strain Liquidity and Working Capital
- Crypto Currents: Oil shock drives ETF flows and treasury risk bets
- SharpLink Gaming reports FY25 revenue $28.1M vs $3.7M last year
- Sharplink Gaming Inc options imply 6.0% move in share price post-earnings
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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