Matthew Galinko, an analyst from Maxim Group, maintained the Buy rating on DeFi Technologies. The associated price target remains the same with $7.00.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight DeFi Technologies’ strategic growth and market potential. The company has been actively expanding its portfolio of products and services, including the introduction of innovative financial instruments like sovereign bonds that convert coupons to bitcoin. This initiative taps into a market opportunity exceeding $100 trillion, offering significant potential for revenue growth.
Additionally, DeFi Technologies has shown impressive growth in assets under management (AUM), increasing from $773 million to $974 million within a few months, driven by inflows and rising digital asset prices. The company’s financial health is further supported by a strong cash position and successful capital raising efforts. With a P/E multiple significantly lower than its peers, DeFi Technologies presents an attractive investment opportunity, supported by a 12-month price target of $7.00 based on projected earnings growth.
In another report released on September 26, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.50 price target.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DEFI in relation to earlier this year.