According to CoinMeta, as reported by The Block, brokerage firm TD Cowen has lowered the target price of Sharplink from $16 to $13, due to TD Cowen reducing its price forecast for Ethereum at the end of 2026 to $2,371. TD Cowen has maintained a buy rating on Sharplink and mentioned that Sharplink has completed a financing of $75 million, purchased 10,000 units of ETH, and initiated a share repurchase of 2.13 million shares.