DeFi Technologies: Promising Financial Trajectory and Strategic Expansion Underpin Buy Rating

Kevin Dede, an analyst from H.C. Wainwright, maintained the Buy rating on DeFi Technologies (DEFI – Research Report). The associated price target was raised to $5.50.

Kevin Dede has given his Buy rating due to a combination of factors that highlight DeFi Technologies’ promising financial trajectory. Despite a challenging environment marked by a decline in crypto prices, the company managed to turn a profit in early 2025, reversing the previous quarter’s loss. This achievement was supported by growth in their average assets under management (AUM), which increased due to net inflows and the launch of new exchange-traded products (ETPs). The company’s strategic focus on higher-margin altcoin ETPs and successful staking and lending activities have also contributed to its financial stability.
Furthermore, DeFi Technologies is expanding its geographical reach and product offerings, which positions it well for future revenue growth as market sentiment improves. Initiatives like SolFi Technologies and CoreFi, pending regulatory approval, could introduce high-margin fees, enhancing profitability. Additionally, their stake in Neuronomics and partnerships in new markets provide further growth avenues. Despite some concerns about transparency, the company’s robust financial performance and strategic initiatives underpin the Buy rating and an increased price target.

According to TipRanks, Dede is a 4-star analyst with an average return of 4.5% and a 40.20% success rate. Dede covers the Technology sector, focusing on stocks such as BIT Mining, Ryvyl, and Canaan.

In another report released on May 11, Compass Point also maintained a Buy rating on the stock with a $6.50 price target.