Kevin Dede, an analyst from H.C. Wainwright, maintained the Buy rating on Fold Holdings. The associated price target remains the same with $7.00.
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Kevin Dede has given his Buy rating due to a combination of factors tied to both product execution and valuation. He views Fold’s complete rebuild of its mobile app in React as a foundational step that should accelerate the rollout of key features, notably a bitcoin rewards credit card and credit lines secured by customers’ bitcoin held in Fold wallets, which together deepen the company’s bitcoin-centric ecosystem.
He also anchors his Buy rating on what he sees as an attractive valuation versus fundamentals and peers. His $7 price target implies a modest 6.5x market-cap-to-2026-sales multiple and highlights that Fold’s current market value trades at a discount to the worth of its treasury bitcoin alone, suggesting meaningful upside despite typical small-cap and crypto-sector risks.
Based on the recent corporate insider activity of 22 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 FLD in relation to earlier this year.