Cantor Fitzgerald Reiterates Buy Rating for SBET
Analyst Gareth Gacetta maintains a buy rating on SBET with a price target of $8.1, a 68.75% upside from the current price.
Key Points
- Cantor Fitzgerald's Gareth Gacetta reiterated a buy rating on SBET, setting a price target of $8.1 on July 1, 2026.
- Cantor Fitzgerald's $8.10 price target implies 68.75% upside from Sharplink, Inc.'s ($SBET) current $4.80 share price.
- Shares of SBET traded near $4.80 on Wednesday, with significant institutional activity noted among major funds.
- Analysts from various firms consistently rate SBET as a buy, with targets ranging from $8.1 to $40.0.
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On July 1, 2026, Cantor Fitzgerald's analyst Gareth Gacetta reiterated his buy rating on SBET, setting a price target of $8.1. This reflects continued confidence in the company's prospects.
Cantor Fitzgerald vs. the S&P 500
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Other Institutional Activity in SBET
FMR LLC increased its holdings in SBET by 879,137 shares, ending with 18,561,855 shares valued at about $119.7 million. Millennium Management LLC made a significant move, boosting its position by 3,142,465 shares to a total of 6,381,673 shares, worth approximately $41.2 million, marking a 97% increase. UBS Group AG added 61,006 shares, bringing its total to 4,832,118 shares valued at $31.2 million, a 1.3% rise. Conversely, Alyeska Investment Group, L.P. reduced its stake by 386,958 shares, now holding 3,881,715 shares valued at $25 million, a decrease of 9.1%. Qube Research & Technologies Ltd cut its position by 3,220,081 shares, holding 3,660,032 shares worth $23.6 million, a 46.8% decrease.
Sharplink, Inc. Stock Down 41.5%
Shares of SBET traded around $4.80 on Wednesday. The stock has seen varied analyst ratings, with price targets spanning from $8.1 to $40.0, indicating diverse expectations for its future performance.
$SBET price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Sharplink, Inc.
On May 12, 2026, insiders McKenzie Obie, Robert Gutkowski, and Leslie Bernhard each sold 12,892 shares at an average price of $7.41. Earlier, on April 10, 2026, the same insiders bought 11,503 shares each at an average price of $6.52.
Analysts Set New Price Targets
On July 1, 2026, Cantor Fitzgerald maintained its buy rating for SBET with a target price of $8.1. Other analysts have also shown optimism; TD Cowen initiated coverage with a buy rating and a $16.0 target on April 10, 2026, and HC Wainwright & Co. set a $10.0 target on April 7, 2026. The consensus among analysts is a buy rating, with an average target price reflecting varied expectations.
Bottom Line
Cantor Fitzgerald's reaffirmation of a buy rating with an $8.1 target underscores ongoing interest in SBET. With varied institutional moves and consistent buy ratings from analysts, SBET remains a stock to watch. Remember, these ratings are backward-looking and reflect positions as of their respective dates.
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