BTIG raised the firm’s price target on Exodus Movement (EXOD) to $60 from $40 and keeps a Buy rating on the shares. The company’s Q1 results and conference call this evening demonstrated the its crypto exchange aggregation capabilities continue to resonate with users and drive growth, the analyst tells investors in a research note. BTIG contends that Exodus was a market share winner during Q1 as its volumes declined 6% sequentially amid market softness but were better than leading public crypto exchanges.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXOD: