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Investing.com - Clear Street has initiated coverage on Amber International Holding (NASDAQ:AMBR) with a Buy rating and a price target of $11.00, representing significant upside from the current price of $5.34. According to InvestingPro data, the stock has declined over 51% in the past six months, with RSI indicators suggesting oversold territory.
The research firm views AMBR as offering investors scalable, fee-based exposure to institutional digital asset adoption, highlighting the company’s high-margin wealth management, execution, and payment solutions.
Clear Street considers the shares attractively valued at 3.8x its 2027 estimated EV/Revenue, with multiple near-term catalysts including the recent deployment of the $100 million Crypto Ecosystem Reserve and accelerated expansion in Asia-Pacific and EMEA regions.
The firm’s investment thesis is supported by Amber International’s differentiated institutional-first positioning in the digital asset space.
Clear Street projects approximately 25% revenue CAGR through 2027 for Amber International, noting the company’s asset-light model supports margin expansion and cash generation.
In other recent news, Amber International Holding Limited announced the completion of a $25.5 million private placement with institutional investors, including Mile Green, Harvest Capital, Pantera Capital, and Choco Up. The funds will support the company’s $100 million Crypto Ecosystem Reserve Strategy and facilitate expansion in the U.S. and Southeast Asia. Additionally, Amber International appointed Jie Jiao to its board of directors, while Wing Hong Sammy Hsieh resigned without any disagreements. Ms. Jiao will contribute her expertise to several board committees, bringing experience in initial public offerings and corporate legal affairs. In a strategic move, Amber International named an AI agent, MIA, as its official AgentFi Ambassador. MIA will participate in quarterly earnings calls and investor events, highlighting the company’s focus on integrating AI with decentralized finance. These developments indicate Amber International’s ongoing efforts to enhance its operational efficiency and market presence.
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