November 25, 2013 9:04 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 Monday, Goldman Sachs analyst Steve Sherowski 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: PAGP) with a Conviction List-Buy rating and $30.00 price target.In the report, Goldman Sachs noted, “We initiate coverage of Plains GP Holdings (PAGP) with a CL-Buy rating and a $30 price target driven by our equally weighted dividend discount/relative value analysis. Our price target assumes PAGP trades at a 2.7% yield on 2014 cash flows (vs. 3.6% currently). PAGP is a levered investment in PAA – which we believe is the best positioned crude oil midstream MLP, with exposure to all of the ‘Big Three' crude oil shale basins. We forecast a robust project backlog at PAA to generate an 8%, 5-year distribution CAGR driving +20% cash flow growth at PAGP through its IDR ownership of PAA. PAGP is structured as a C-Corp but shares similar tax advantages as MLPs (it is unlikely to pay cash taxes for the foreseeable future).”Plains GP Holdings LP closed on Friday at $22.89.
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