TD Cowen maintains its "Buy" rating and a $16 target price after releasing Sharplink's Q1 2026 earnings report, implying approximately 106% upside potential from Monday's close of $7.76. TD Cowen states that Sharplink's current stock price is about 0.8 times its net asset value (NAV), combined with its on-chain yield fund established with Galaxy Digital, forming favorable revaluation conditions. The fund size is approximately $125 million, with Sharplink planning to invest about $100 million, mainly for DeFi liquidity and on-chain yield opportunities higher than basic staking returns. Sharplink currently holds about 873k ETH, valued at approximately $2 billion at current prices. TD Cowen believes that stablecoins, RWA tokenization, DeFi, and AI-driven agentic finance are the four structural pillars supporting Ethereum demand and underpin Sharplink's ETH treasury strategy. (The Block)

ETH-0.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin