Sharplink's First-Quarter Revenue Surpasses $12 Million, TD Cowen Maintains Buy Rating

Sharplink has reported first-quarter revenue exceeding $12 million, prompting TD Cowen to reaffirm its buy rating and maintain a $16 price target for the company. According to NS3.AI, Sharplink also revealed a co-managed yield fund with Galaxy Digital, aiming for approximately $125 million, with Sharplink contributing around $100 million. TD Cowen highlighted that the stock's discount to NAV and the increasing demand for Ethereum enhance the risk-reward profile.