September 4, 2013 12:26 PM | 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, Wunderlich Securities analyst Todd P. Scholl 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.
(NASDAQ: ORIG) with a Buy rating and $26.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Ocean Rig UDW Inc. (ORIG) with a Buy rating and a price target of $26, which represents a 5.9x 2015 EV/EBITDA multiple. Ocean Rig has evolved from owning two harsh-environment semi-submersible rigs to a stand-alone company with a fleet of six high-specification and harsh-environment offshore drilling rigs with four more under construction. DryShips (DRYS-NR) remains the majority shareholder and, given the state of shipping space, does present the risk that Ocean Rig could be used as a source of capital. That being said, we believe that risk is priced into the stock, given it is trading at a discount to both its book value. With the environment of strong market fundamentals and ORIG's quality assets, we believe that the shares are a Buy at current levels.”Ocean Rig UDW closed on Tuesday at $18.02.
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