Citizens Bank Initiates Coverage of SharpLink Gaming with Bullish Outlook

2 mins mins

Key Points:

SharpLink Gaming receives “Outperform” rating from Citizens with a $50 target.
Citizens predicts Ethereum could exceed $7,000 by 2026.
Institutional interest in Ethereum-centric treasury strategies grows.

Investment bank Citizens initiates coverage of SharpLink Gaming (SBET) on October 16, citing a potential stock price increase of over 200%, linked to Ethereum’s long-term growth.

This reflects growing institutional interest in Ethereum, suggesting increased market confidence in ETH’s future trajectory, with potential price targets surpassing $7,000 by 2026.

SharpLink Gaming’s Stock Price Set for Over 200% Surge

SharpLink Gaming is now in focus after Citizens rated it “Outperform,” assigning a $50 price target, suggesting a potential surge over 200%. The bank’s analysis is centered on Ethereum’s projected long-term price rise. SharpLink, led by Joseph Lubin (Ethereum co-founder) and Co-CEO Joseph Chalom, offers a direct stake in Ethereum’s potential growth.

Citizens’ optimistic forecast predicts Ethereum could cross $7,000 by 2026 and possibly $20,000 by 2030. This increases SharpLink’s appeal as a leveraged opportunity in the Ethereum market, blending crypto-native strategies with traditional finance practices.

No public comments have emerged from SharpLink executives concerning this coverage, indicating a preference for maintaining formal communication channels through official press releases or SEC filings. Analysts expect this institutional endorsement to boost investor confidence in Ethereum-based public companies.

Ethereum’s Projected Growth to Exceed $7,000 by 2026

Did you know? MicroStrategy’s bold Bitcoin strategy since 2020 played a major role in its institutional acceptance. SharpLink’s Ethereum-focused vision could similarly influence ETH’s adoption and market perception.

Ethereum (ETH), a central asset in SharpLink’s strategy, trades at $3,869.39 according to CoinMarketCap. With a market cap of $467.03 billion, ETH’s recent price reflects a 2.98% decrease over the past 24 hours. However, ETH has gained 10.36% over the last 90 days.

ethereum-daily-chart-1686 — Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 20:26 UTC on October 16, 2025. *Source: CoinMarketCap*

Coincu research team suggests that Citizens’ endorsement could boost Ethereum’s profile among institutional investors. This may drive further Ethereum adoption and spark regulatory interest, though significant regulatory hurdles remain. Public confidence in such projects relies on Ethereum’s ecosystem maturity and financial viability.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.