Northland lowered the firm’s price target on Exodus Movement (EXOD) to $24 from $30 and keeps an Outperform rating on the shares. The firm says it wasn’t “expecting much” from the Q4 print given the softness in crypto prices and as the company is still in the early phases of its full payment stack and vertical integration strategy.
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Read More on EXOD:
- Exodus Movement price target lowered to $21 from $42 at Benchmark
- Exodus: Vertically Integrated Payments Strategy and B2B Expansion Underpin Buy Rating Despite Crypto Headwinds
- Exodus Movement price target lowered to $20 from $30 at BTIG
- Exodus Movement reports Q4 revenue $29.5M, consensus $30.68M
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