PANews reported on October 16th that, according to CoinDesk, Citizens Bank has initiated coverage of SharpLink (NASDAQ: SBET), with a "Market Outperform" rating and a target price of $50, implying over 200% upside from the current price. The report stated that SharpLink's inclusion of ETH in its treasury is considered a breakthrough in the concept of an "Ethereum treasury." The bank noted that the company's ETH-centric asset allocation and business integration form the primary investment rationale, and sees it as a stock-based vehicle for tracking the performance of the ETH ecosystem.