August 14, 2013 8:54 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 report published Wednesday, J.P. Morgan analyst Tien-tsin Huang downgraded 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: WU) from Neutral to Underweight, but raised the price target from $17.00 to $18.00.In the report, J.P. Morgan noted, “We are downgrading WU to Underweight from Neutral as shares are trading at a rich historical PEG as expectations (implied by guidance) have risen for transaction growth acceleration, translating to revenue growth improvement next year. We also see accelerating growth, but primarily due to easy comps, and it is unclear to us if WU can deliver sustainable above-market growth in the mid term. We think there is more risk to the downside than upside on revenue growth, as we still believe WU is exposed to pricing reinvestment from regulation compliance and/or local competition, which we believe would not be well received given guidance for a return to normalcy on price investment. As such, we believe an UW rating is prudent.”The Western Union Company closed on Tuesday at $18.65.
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