September 22, 2014 9:52 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, Wunderlich Securities analyst Matthew S. Robison reiterated a Buy rating and $55.00 price target 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: UBNT).In the report, Wunderlich Securities noted, “We are trimming our forecast for Ubiquiti (UBNT) Service Provider sales in expectation of incremental weakness in Russia+Ukraine associated with anti-U.S. politics. We expect a future rebound since there are no viable substitutes for Ubiquiti, especially not from non-U.S. companies. Latvia-based MikroTik has an established ISP router business, but we expect operators to wait for the political dust to settle rather than switching to MikroTik access products. Since recovery timing is unclear we do not forecast offsetting growth in the out-periods at this time. We believe in eventual EMEA recovery, as well as volume ramp for recently introduced products justifies purchase on near-term weakness as estimates are adjusted. We are maintaining a 12-month target of $55 and a Buy rating.”Ubiquiti Networks closed on Friday at $42.01.
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