Benchmark starts ‘compelling small-cap’ OBOOK Holdings with a Buy

As previously reported, Benchmark initiated coverage of OBOOK Holdings (OWLS) with a Buy rating and $11 price target. The operator of OwlTing Group “has emerged as a compelling small-cap way to play the mainstreaming of stablecoin payments,” the analyst tells investors. The company has money-transmission coverage across 41 U.S. states, a Virtual Asset Service Provider license in the EU, a banking-API related license in Japan, integration into Circle Payments Network (CRCL) as an originating financial institution, and, “crucially,” an expanding collaboration with Visa (V), the analyst added.