April 21, 2015 8:01 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 an equity research note Tuesday, Brian A. Johnson of Barclays maintained his Equal-Weight 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: TSLA), with his $190 price target unchanged. Johnson feels the near-term should be positive, but chasm-crossing challenges remain."Heading into Tesla's "much anticipated" product announcement on 4/30, Tesla stock should have momentum, with potential for positive trajectory beyond that – demand concerns are de-risked for now, China pressures have bottomed, and the 3Q Model X intro could generate buzz. Yet, consistent with our views in "Crossing the chasm is tougher than it looks," we maintain a more cautious structural stance given risks in becoming a mass-market OEM are not properly recognized."Johnson also stated that beyond the potential for a "sell the news" reaction post the April 30 announcement, he believed the near-term flow of datapoints for Tesla was positive, which should support continued upward momentum for the stock.Shares of Tesla closed Monday at $205.27, 8 percent above the $190 price target.
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