SharpLink Gaming Inc rises on market rotation despite mixed indices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
SharpLink Gaming Inc saw a significant price increase of 10.40%, crossing above its 5-day SMA. This movement occurs in a mixed market environment, with the Nasdaq-100 down 0.07% and the S&P 500 up 0.24%.
The stock's rise is attributed to sector rotation as investors shift their focus towards gaming and entertainment stocks, despite the overall mixed performance of the broader market. This suggests that specific sectors are gaining traction, leading to positive movements in stocks like SharpLink Gaming.
Investors may view this as a positive sign for SharpLink Gaming Inc, indicating potential growth opportunities in the gaming sector, especially as market dynamics shift and investor sentiment evolves.
Analyst Views on SBET
Wall Street analysts forecast SBET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBET is 25.60 USD with a low forecast of 15.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.370
Low
15.00
Averages
25.60
High
50.00
Current: 9.370
Low
15.00
Averages
25.60
High
50.00
About SBET
SharpLink Gaming, Inc. is an online performance-based marketing company serving the United States (U.S.) sports betting and global iGaming industries. The Company is a marketing partner to sportsbooks and online casino gaming operators worldwide. Its segment includes ETH Treasury Management and Affiliate Marketing. The ETH Treasury Management segment captures ETH-based yield generated by participating in the Ethereum network’s staking protocol, which is currently comprised of rewards received from native staking. The Affiliate Marketing segment is focused on performance-based customer acquisition services for leading sportsbooks and online casino gaming operators throughout the world. Through its iGaming affiliate marketing network, known as PAS.net, it focuses on driving qualified traffic and player acquisitions, retention and conversions to U.S. regulated and global iGaming operator partners worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
