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[TD Cowen Reaffirms Buy Rating and Target Price for Sharplink] According to The Block, TD Cowen has reaffirmed its "Buy" rating for Sharplink (SBET) and a target price of $16. The Q1 financial report shows that Sharplink's revenue exceeded $12 million, and the company announced the launch of a $125 million yield fund in collaboration with Galaxy Digital, focusing on DeFi and liquidity opportunities. TD Cowen pointed out that Sharplink's current stock price ($7.76) is trading at approximately 0.8 times discount to its per-share NAV ($9.68), creating a "favorable buying window." Sharplink holds approximately 873,000 ETH, with a market value of around $2 billion.