October 20, 2014 10:54 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 Rommel Dionisio reiterated a Buy rating and $178.00 price target on
Polaris Industries (NYSE: PII).In the report, Wunderlich Securities noted, “With a wave of new products hitting the marketplace in both on- and off-road vehicles, combined with the favorable initial feedback we received from dealers in our most recent channel checks regarding such product launches, we believe Polaris (PII) appears well positioned to deliver potential earnings upside for 3Q14 and an increase to full year management guidance. Currency is becoming a growing concern, however, with roughly one-quarter of sales coming outside the US. Nonetheless, on a fundamental basis, Polaris appears poised to carry strong top- and bottom-line momentum into 4Q14 and 2015. We reiterate our Buy rating and price target of $178, derived using a 2015E PEG ratio of 1.2x, a multiple relatively in-line with the peer group average on current year earnings.”Polaris Industries closed on Friday at $143.50.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.