Maxim Group analyst Matthew Galinko has reiterated their bullish stance on DEFI stock, giving a Buy rating on April 8.
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Matthew Galinko has given his Buy rating due to a combination of factors that balance near‑term pressure with longer‑term opportunity. While fourth‑quarter adjusted revenue fell short because of weaker crypto prices, lower staking income, and limited contribution from DeFi Alpha, the firm still attracted meaningful net inflows over 2025 and continued to roll out additional exchange‑traded products and expand geographically.
He also points to solid balance sheet strength, with significant cash, stablecoins, and venture investments against minimal debt, and he models a return to positive free cash flow over 2026–2027, albeit with sensitivity to digital asset prices. In his view, the current valuation—trading at a substantial discount to peers on projected 2027 earnings—does not fully reflect growth from new ETP strategies, institutional offerings, and the scaling of Stillman Digital and DeFi Alpha, supporting a Buy rating even as he trims the 12‑month price target to $1.50.
Galinko covers the Technology sector, focusing on stocks such as Adeia, Ondas, and SEALSQ Corp. According to TipRanks, Galinko has an average return of 12.9% and a 35.60% success rate on recommended stocks.
In another report released on April 8, B. Riley Securities also maintained a Buy rating on the stock with a $1.00 price target.