The investment bank Citizens has presented an optimistic forecast for the shares of SharpLink Gaming, setting a target price of $50 per share. This indicates a potential growth of over 200% from the current level. Bank analysts believe that the rapid development of the Ethereum treasury strategy allows SharpLink to become one of the most promising players in the public market.
This is reported by Business • Media
Target Price and Vision for the Ethereum Market
Citizens expects that by 2026, the price of Ethereum could rise to $7000, and by 2030, exceed $20,000. During morning trading, SharpLink shares increased by 2% to $15.45, although they later stabilized at $14.57. The bank notes that this dynamic is related to the unique model of crypto asset management implemented by the company.
SharpLink is actively accumulating Ethereum and utilizing staking and other profitable strategies to increase net assets (NAV). The company’s approach differs in that it does not simply hold cryptocurrency but dynamically manages its portfolio in response to market opportunities. This allows the company to either issue new shares at a premium to NAV or buy them back when the market price declines, using ETH reserves for additional income through on-chain operations.
“SharpLink is not a passive vehicle for holding Bitcoin or Ethereum. The company aims to issue shares at a premium to NAV or buy them back when the price is lower, using its ETH reserves to generate yield on-chain,” the report states.
Unique Team and Prospects for Investors
Citizens emphasizes that SharpLink’s strong team, which includes Ethereum co-founder Joseph Lubin (Chairman of the Board) and former BlackRock executive Joseph Chalom (Co-CEO), creates a synergy of cryptocurrency expertise and traditional finance. According to analysts, this enables the company to effectively scale its model and combine crypto-native flexibility with the institutional discipline of capital markets.
Experts at Citizens are convinced that SharpLink’s strategy paves the way for market leadership, as the growing popularity of Ethereum as a global financial asset could make the company’s shares an attractive alternative for investors seeking enhanced exposure to this asset.
Recently, SharpLink raised $76.5 million in a direct stock placement at a price above market value. Citizens views this move as a significant endorsement of institutional investors’ trust in the company’s business model and its approach to managing Ethereum assets.
The Ethereum treasury strategy was launched by SharpLink in June 2025. By early October, the company was holding over 839,000 ETH, confirming its status as one of the largest operators in this field.