TD Cowen Cuts SharpLink Target to $13, Lowers Ether Year-End Forecast to $2,370
TD Cowen analysts lowered their price target on SharpLink Gaming shares to $13 and revised their Ethereum year-end forecast down to $2,370, citing weak Q2 dynamics and regulatory delays.
TD Cowen analysts reduced their price target on SharpLink Gaming (SBET) from $16 to $13, pointing to sluggish Ethereum performance in the second quarter and regulatory hold-ups. The firm also slashed its year-end Ether forecast to $2,370, a steep cut from the prior $3,650 estimate.
Longer-term projections were provided: $3,347 by the end of 2027, $4,554 by end‑2028, and $5,969 by end‑2029. No specific catalysts were given for the out‑year targets.
SharpLink shares currently trade around $6, having added more than 5% over the past week despite the lowered target.
Source: ForkLog