In a report released on May 15, Gianluca Tucci from Haywood maintained a Buy rating on WonderFi Technologies Inc (WNDR – Research Report), with a price target of C$0.60.
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Gianluca Tucci’s rating is based on WonderFi Technologies Inc’s strong Q1/25 results, which demonstrate the company’s business strength. The reported revenue and adjusted EBITDA exceeded expectations, reinforcing the belief that Robinhood’s bid undervalues the stock.
Additionally, the market conditions have improved significantly since the bid, with peer companies like COIN and HOOD experiencing increased trading multiples. This suggests that WonderFi is in a strong position and could benefit from a formal auction process to maximize shareholder value. The recent IPO success of eToro further highlights the positive market sentiment, making Robinhood’s bid appear opportunistic.
According to TipRanks, Tucci is a 5-star analyst with an average return of 12.3% and a 63.64% success rate.