Analyst John Todaro of Needham maintained a Buy rating on Streamex, retaining the price target of $12.00.
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John Todaro has given his Buy rating due to a combination of factors related to Streamex’s recent strategic initiatives and progress on key products. The company has exceeded expectations with its GLDY product, generating over $100 million in non-binding indications of interest, which is above initial targets. The management’s commitment to deploying $5 million to support the launch and their plans to commence secondary trading by Q1 2026 further improve confidence in this initiative.
Additionally, Streamex’s expansion roadmap highlights their ability to diversify product offerings, including tokenized yield-bearing silver, copper, and oil & gas products in the coming years. Active discussions with ETF issuers and strong progress on agreements, like the one with Simplify, underscore the company’s focus on broadening adoption and utility. These developments contribute to the positive outlook for Streamex, reinforcing Todaro’s Buy rating on the stock.