DeFi Technologies price target lowered to $2 from $3 at Benchmark

Benchmark lowered the firm’s price target on DeFi Technologies (DEFT) to $2 from $3 and keeps a Buy rating on the shares. When the tide goes out in crypto, “the platforms that survive tend to be the ones that spend the market downturn building capabilities rather than chasing speculative trading profits,” which is precisely the stance that DeFi adopted in Q1, the analyst tells investors.