Analyst Ed Engel of Compass Point maintained a Buy rating on Antalpha Platform Holding Company, retaining the price target of $20.00.
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Ed Engel has given his Buy rating due to a combination of factors that highlight Antalpha Platform Holding Company’s potential for growth and undervaluation in the market. The company’s loan portfolio has seen a substantial increase of 33% since its IPO in May, and the revenue guidance for the fourth quarter suggests a remarkable 100% year-over-year growth. This growth trajectory is expected to continue, with forecasts indicating a $23 million annualized EBITDA rate, positioning ANTA at an 11x trading multiple.
Despite reducing the 2026 estimated EPS to account for higher operational expenses, Engel maintains a price target of $20, reflecting confidence in the company’s future performance. The core driver of earnings is ANTA’s $2.4 billion loan book, which provides better visibility than typical crypto businesses. The loan portfolio has shown significant growth, increasing 60% year-over-year and 15% quarter-over-quarter, with further expansion anticipated as ANTA strengthens its U.S. operations. This organic growth, coupled with the potential catalyst of Bitcoin price appreciation, supports the Buy rating as the company’s elevated growth is expected to be eventually reflected in the stock price.
According to TipRanks, Engel is a 3-star analyst with an average return of 6.5% and a 39.13% success rate.
In another report released on November 10, B. Riley Securities also reiterated a Buy rating on the stock with a $14.00 price target.