June 25, 2013 9:10 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 report published on Tuesday, J.P. Morgan analyst Michael Rehaut initiated coverage on
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.
(NYSE: WLH) with a Neutral rating and a price target of $31. In the report, J.P. Morgan stated, "Overall, we view WLH as well positioned within our universe from a geographic standpoint, with long land positions in the attractive markets of Southern CA, Northern CA and Phoenix. As such, while our 2013 and 2014 gross margin estimates are in-line with our universe, we believe above average upside potential exists given the strong price appreciation that should continue in WLH's core markets. Also, we anticipate material order growth acceleration in 2014. Lastly, we believe valuation, at 15%-20% premiums to its smaller-cap peers on both an adj. P/B basis and against our 2016 Earnings Power, fairly reflects WLH's attractive geographic exposure as well as its longer land positions which support our outlook for material order growth acceleration in 2014." William Lyon Homes closed on Monday at $23.85.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.