July 26, 2013 11:12 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 Friday, ISI Group analyst Stephen East upgraded the rating 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: RYL) from Neutral to Strong Buy, and and named a $48.00 price target.In the report, ISI Group noted, “We are upgrading RYL to Strong Buy with a price target of $48. The execution this management team has put together over the past three years is nothing short of remarkable. Since taking charge, this team fixed a company that was heading in the wrong direction with rapidly shrinking community count and margins. The recent pounding this group has taken from interest rate fears combined with stellar execution and exceptional earnings power over the next few years, has provided us the opportunity to turn more positive on the name. The shares currently trade at only at 8.2X our fully taxed 2014 EPS estimate. Our $48 PT implies only 11.3X this year's EPS and 6.4X our 2015 normalized margin EPS estimate.”The Ryland Group closed on Thursday at $37.73.
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