SBET Should I Buy
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Sharplink Inc (SBET) is not a strong buy at the moment for a beginner investor with a long-term focus. While the company has shown impressive revenue growth, its financial performance is marred by significant net income and EPS declines. Technical indicators are bearish, and there is no strong signal from proprietary trading tools or options data to suggest immediate upside potential. Analysts maintain a Buy rating, but recent price target reductions reflect caution. Given the user's impatience and unwillingness to wait for optimal entry points, holding off on investment until clearer positive catalysts emerge is advisable.
The technical indicators for SBET are bearish. The MACD is below 0 and negatively contracting, the RSI is neutral at 27.98, and moving averages suggest a bearish trend (SMA_200 > SMA_20 > SMA_5). Key support lies at 6.204, and resistance is at 7.459. The stock is currently trading below its pivot point, indicating weakness.
Analysts maintain a Buy rating on the stock, citing the company's digital asset treasury model and strong management.
Revenue growth of 1129.86% YoY in Q3 2025 demonstrates strong top-line performance.
Gross margin increased significantly to 96.03%, up 390.45% YoY.
Net income dropped significantly by -11880.20% YoY, and EPS fell by -120.46% YoY, indicating poor profitability.
Bearish technical indicators and lack of upward momentum in the stock price.
Recent price target reductions by analysts reflect caution due to Ethereum price declines.
No recent news or event-driven catalysts to support a bullish case.
In Q3 2025, Sharplink Inc reported a revenue increase of 1129.86% YoY to $10,843,567. However, net income dropped significantly by -11880.20% YoY to -$104,270,205, and EPS declined by -120.46% YoY to 0.62. Gross margin improved to 96.03%, up 390.45% YoY, indicating strong operational efficiency despite poor profitability.
Analysts maintain a Buy rating on SBET, but recent price target reductions reflect caution. Canaccord initiated coverage with a $16 price target, while Alliance Global and B. Riley lowered their targets to $20 and $19, respectively, citing Ethereum price declines and the need for intelligent leverage announcements to drive value.
