B. Riley analyst Fedor Shabalin initiated coverage of Forward Industries (FWDI) with a Buy rating and $7 price target The firm believes the Solana (SOL-USD)-focused digital asset treasury company possesses “a structural advantage,” namely a native staking annual percentage yield of about 6%-7%, which generates higher recurring on-chain revenue.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWDI:
- Forward Industries Grants Equity Package to New CFO
- Forward Industries CFO Kathleen Weisberg to step down, Mark Brazier to succeed
- Forward Industries Appoints New Chief Financial Officer
- Forward Industries Executes Major Share Repurchase and Cost Cuts
- Forward Industries announces 6.16M share repurchase for $27.4M