February 19, 2015 9:25 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, Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating and $4.50 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: MEET).In the report, Wunderlich Securities noted, "We are trimming our 2015 and 2016 MeetMe, Inc. (MEET) estimates slightly given the company's updated 2015 guidance. Our 4Q14 estimates are unchanged and we expect the company's results to be in line with our estimates for $12.9 million in revenues, including ~$8 million in mobile revenues, up 60% y/y given the preannouncement of 920k mobile daily active users (DAUs). Quantcast metrics also support the higher user growth, and given the company's increasing engagement, and new ad deal to take effect on 3/1/15, monetization should increase as well. With the stock trading at 1.2x EV/S, 6x EV/EBITDA, and 8x P/E on our 2015 estimates, it appears undervalued given the potential to grow mobile revenues. Our rating on MEET shares remains Buy with a price target of $4.50."MeetMe Inc. closed on Wednesday at $1.70.
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