TD Cowen sees Sharplink upside, cites Galaxy

TD Cowen has reiterated a $16 price target for Sharplink, indicating a potential 106% upside. This optimistic outlook is driven by a favorable setup, including a strategic partnership with Galaxy and Sharplink trading at a significant discount to its net asset value (NAV). The firm's analysis suggests that the broadening demand for Ethereum is also contributing to a positive risk-reward profile for the company, making it an attractive investment opportunity in the current market.