August 2, 2013 10:51 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, UBS Investment Research analyst Eric J. Sheridan reiterated a Buy 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.
(NASDAQ: ATVI), and raised the price target from $17.00 to $21.00.In the report, UBS Investment Research noted, “Activision delivered revs and EPS in line with its preliminary results (announced July 26), which had exceeded consensus estimates for revenues and EPS at the time. Despite the quarter, Activision's management maintained their cautious view (on competing titles, marketing & console cycle) for the Sept-Dec time period. On July 26, Activision announced that it reached an agreement to buy 429mm shares (and tax assets) from Vivendi for $5.83b in cash. To help fund this purchase, Activision announced that it planned to issue $4.6b of debt. Based on our estimates, this transaction will result in 22% accretion on 2014 EPS. Due to the introduction of leverage in Activision's business model, we introduce higher EV multiples to reflect Activision's new capital structure and potential returns.”Activision Blizzard closed on Thursday at $18.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.