UPDATE: Gabelli & Company Upgrades WisdomTree Investments to Buy

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 report published Wednesday, Gabelli & Company upgraded its rating on WisdomTree Investments (NASDAQ: WETF) to Buy.Gabelli noted, “We are increasing our 2013P estimate to $0.29 per share from $0.25 per share. Our revision incorporates the operating benefits from the deal expiration with BNY Melon and lower professional fees. We continue to believe in the seasoned management team and long-term competitive aspects of WisdomTree. Shares currently trade at a 20% discount to 2013 Private Market Value of $8.00 per share. We recommend purchase.”WisdomTree Investments closed on Tuesday at $6.10.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!