Citizens JMP Initiate Coverage on SharpLink Gaming (SBET) with Outperform Ratings, $50 PT

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.

Citizens JMP Initiate Coverage on SharpLink Gaming (SBET) with Outperform Ratings, $50 PT

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBET and that has 100x upside potential, check out our report about this cheapest AI stock.

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