Exodus Movement initiated with a Buy at BTIG

BTIG initiated coverage of Exodus Movement (EXOD) with a Buy rating and $40 price target Exodus is a self-custodial, multichain digital wallet that seeks to make access to cryptocurrency and non-fungible tokens easy and secure for everyone, the analyst tells investors in a research note. The firm believes the company offers public equity investors a “unique way to invest in the rapidly growing digital assets ecosystem.” Exodus is well positioned to continue its growth trajectory in the years ahead as it benefits from its “differentiated” self-custody and cross-chain swap solutions, contends BTIG.