December 20, 2013 8:38 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, Compass Point analyst Jason Stewart 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: ESNT) with a Neutral rating and $24.00 price target.In the report, Compass Point noted, “We initiate coverage of Essent Group Ltd (NASDAQ: ESNT) with a Neutral rating and a $24 price target. Our outlook for the PMI sector is favorable as low interest rates, reasonable affordability levels, improving home prices, positive long term demographic trends and easier mortgage credit conditions support housing fundamentals. ESNT is a relatively new entrant in the private mortgage insurance (PMI) sector, has a pristine balance sheet almost all of RIF in post 2010 vintage risk, and the potential for operating leverage to drive significant forward EPS upside. However, ESNT's valuation largely reflects many of these factors. Our $24 price target represents a multiple of 2.5x YE14 BVPS and 13.4x our 2015 EPS estimate, which is 37% ahead of the street consensus.”Essent Group Ltd. closed on Thursday at $21.94.
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