The broker lowered its year-end 2026 ether forecast to $2,371 from a prior outlook tied to Sharplink’s crypto treasury strategy, while pointing to $75 million financing, a 10,000 ETH purchase and a 2.13 million-share buyback.
TD Cowen reduced its price target on Sharplink to $13 from $16 after cutting its year-end 2026 ether forecast to $2,371. The broker kept its Buy rating in place, arguing Sharplink still has support from continued treasury activity tied to Ethereum exposure. It cited the company’s $75 million financing, a 10,000 ETH purchase, and a 2.13 million-share buyback as key elements of that strategy.