February 11, 2015 7:37 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 Wednesday, Wunderlich Securities analyst Rommel Dionisio reiterated a Hold rating and $29.00 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: ACAT).In the report, Wunderlich Securities noted, "Though retail sales momentum for snowmobiles appears to have picked up in recent weeks, according to our proprietary dealer channel checks, Arctic Cat (ACAT; #3 in the industry) still appears to be seeing modest market share deterioration this winter to #2 Polaris (PII–$152.09, Buy). Arctic Cat, along with industry leader Ski-Doo (BRP: CA–NR), both recently responded with sharply increased promotions and rebates to help clear dealer inventory. Such promotions could therefore put near-term quarterly earnings at risk. Therefore, we maintain our Hold rating. Our price target of $29 on ACAT is derived using a 6.5x EV/2015E EBITDA multiple, a 25% discount to the peer group average given the lack of visibility on the company's turnaround efforts."Arctic Cat closed on Tuesday at $37.31.
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