Bernstein Significantly Raises Target Price for Ethereum-Holding Firm Sharplink

On October 30, U.S. investment bank Bernstein initiated coverage on Sharplink Gaming, a company that holds Ethereum, rating it as 'Outperform' and setting a target stock price of $24 by the end of 2026. This represents a potential increase of about 75% from the closing price of $13.61 on October 29. Bernstein analysts, in a note to clients, stated, 'We expect Sharplink to emerge as a compliance-focused institutional investment vehicle that accesses Ethereum as an investment and yield-generating asset.' The Block reported on the contents of the note.