Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Deutsche Bank analyst Ross Seymore last night initiated coverage of Navitas Semiconductor Corp (NASDAQ:NVTS) with a Buy and $22 price target, implying a 21.95% upside.
- The analyst sees "compelling growth potential" in the gallium nitride semiconductor market.
- While Navitas' revenue base is currently small, the company has high visibility through the first half of 2023 and robust engagements with critical manufacturers in the enterprise, Seymore notes.
- Navitas Semiconductor develops ultra-efficient gallium nitride (GaN) semiconductors that are revolutionizing power electronics.
- Related Content: Why Are Navitas Semiconductor Shares Surging Today?
- Price Action: NVTS shares traded higher by 3.44% at $18.66 in the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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