Exodus Movement price target raised to $60 from $40 at BTIG

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.