‘Favorable setup’: TD Cowen sees 106% upside in Sharplink as Galaxy yield fund, broadening Ethereum demand shift risk-reward

TD Cowen has a $16 target on Sharplink due to its favorable setup, including a partnership with Galaxy and a 0.8x NAV discount. The company sees a 106% upside in Sharplink, driven by broadening Ethereum demand. TD Cowen reiterates its positive stance after Q1 earnings.