February 20, 2014 9:51 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 Thursday, Credit Suisse analyst Dean Prissman reiterated a Neutral 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: AWAY), and raised the price target from $35.00 to $45.00.In the report, Credit Suisse noted, “We maintain our Neutral rating on HomeAway based on valuation. As we have noted before, we have a constructive view on AWAY given that its leadership position/scale in the nascent vacation rental market will enable it to further extend its lead; through the proliferation of features and tools that remove friction and risk from both the supply and demand sides of the transaction. We are encouraged by management's positive commentary on the PPB initiative, which we believe has the potential to increase both the growth trajectory and margin profile as this new stream of revenue should be at a higher operating margin vs. the subscription-based model. That said, we continue to view the PPB financial impact as more gradual in the near-to-medium term as AWAY balances the growth in its incremental supply with the corresponding growth in demand.”HomeAway closed on Wednesday at $42.96.
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