On April 7, 2026, HC Wainwright & Co. initiated coverage of Sharplink (NasdaqCM:SBET) with a Buy recommendation. The average one-year price target for Sharplink is $19.46 per share, suggesting a potential increase of 211.44% from its latest reported closing price of $6.25 per share. The forecasts range from a low of $10.10 to a high of $42.00.
Projected annual revenue for Sharplink is expected to reach $762 million, reflecting a significant increase of 2,615.88%. Institutional ownership has risen by 38.08% in the last three months, with 168 funds or institutions now reporting positions in Sharplink.
Notable changes in shareholder positions include Qube Research & Technologies increasing its stake by 100% to 6,880K shares, while UBS Group reduced its holdings by 29.31%. In contrast, Millennium Management boosted its shares by 64.08% to 3,239K shares. The current put/call ratio for SBET stands at 0.34, indicating a bullish sentiment.
