Citizens JMP Initiate Coverage on SharpLink Gaming (SBET) with Outperform Ratings, $50 PT

Core Insights - SharpLink Gaming Inc. (NASDAQ:SBET) is highlighted as a stock with significant upside potential, with Citizens JMP initiating coverage with an Outperform rating and a price target of $50, indicating over 200% upside from current levels [1] - The firm positions SharpLink as a leading player in the Ethereum treasury space, offering investors a unique opportunity to gain exposure to Ethereum's growth and yield generation potential [2] - B. Riley also initiated coverage on SharpLink Gaming with a Buy rating and a price target of $32, further validating the stock's attractiveness [3] Company Overview - SharpLink Gaming Inc. operates as an online performance marketing company, providing fan activation solutions to sportsbook and casino partners [3] Market Context - The coverage initiation by Citizens JMP suggests a belief in the acceleration of Ethereum adoption, which could positively impact SharpLink's business model [2]