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SharpLink Gaming Inc. (NASDAQ:SBET) is one of the most buzzing stocks to buy with huge upside potential. On October 16, Citizens JMP initiated coverage of SharpLink Gaming with an Outperform rating and $50 price target due to the stock’s potential upside of over 200% from current levels. Citizens JMP described SharpLink as building the leading Ethereum treasury company.
The firm is presented as offering investors a differentiated vehicle to gain exposure to Ethereum’s growth and its potential for yield generation. Citizens JMP believes that Ethereum adoption is poised to accelerate materially.
On the same day, B. Riley initiated coverage of SharpLink Gaming as well, with a Buy rating and $32 price target.
SharpLink Gaming Inc. (NASDAQ:SBET) is an online performance marketing company that delivers fan activation solutions to its sportsbook and casino partners.
While we acknowledge the potential of SBET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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