Here's What the Wall Street Thinks About SharpLink Gaming (SBET)

​SharpLink Gaming, Inc. (NASDAQ:SBET) is one of the Best Small Cap Stocks Ready to Explode in 2026. On January 12, Gautam Chhugani from Bernstein reiterated a Buy rating on the stock with a $24 price target. Earlier on January 7, Brian Kinstlinger from Alliance Global also reiterated a Buy rating on SharpLink Gaming, Inc. (NASDAQ:SBET) but lowered the price target from $48 to $20.

​Analysts at Alliance Global noted that the company now holds 864,402 Ethereum, which are worth roughly $2.9 billion. The firm noted that the price of Ethereum has gone down by around 30% since the firm’s last update on the stock, and they have reduced the price target.

​That said, earlier on January 5, Cantor Fitzgerald analyst Brett Knoblauch initiated SharpLink Gaming, Inc. (NASDAQ:SBET) with a Buy rating and a $15 price target. The analyst noted that the company has experienced management with significant expertise in crypto and the Ethereum ecosystem. The analyst believes that this expertise will allow the company to execute successful Ethereum deployment strategies, which will eventually grow ETH at a faster rate.

​SharpLink Gaming, Inc. (NASDAQ:SBET) is an online performance-based marketing company that serves the US sports betting and global iGaming industries by driving qualified traffic, player acquisitions, retention, and conversions through its PAS.net affiliate network.

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.

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Disclosure: None. This article is originally published at Insider Monkey.