June 22, 2012 9:54 AM | 1 min read |
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.
In a company note published earlier today, Piper Jaffray & Co. reiterated its Neutral rating and $22.00 price target for Rofin-Sinar Technologies Inc. (NASDAQ: RSTI).Piper Jaffray went on to say “We hosted investor meetings with Rofin-Sinar's management this week. We can see a path for: a) the company's gross margin to head higher to 40%+ in 2014 from 37.7% that the company achieved at the end of Mar'12 as it becomes more vertically integrated and manufactures its own laser diodes b) fiber laser revenues to grow yoy meaningfully thereby becoming a viable second supplier besides IPG Photonics and c) the company to continue to grow its legacy CO2 laser business where it enjoys 50%+ share. Over the next 18 months, as the ramp toward vertical integration unfolds, we remain in a wait-and-see mode. We expect gross margin to progressively improve in '13. However, we see no near term catalyst and we remain comfortable with our CY12 and CY13 estimates.”Rofin-Sinar Technologies Inc. closed yesterday at $18.72.
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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