IP Strategy initiated with a Buy at Roth Capital

Roth Capital initiated coverage of IP Strategy (IPST) with a Buy rating and $8.20 price target The firm says the company represents a “high-risk/high-reward equity treasury proxy” for story protocol, a purpose built Layer-1 blockchain making intellectual property programmable, defensible, and licensable. IP Strategy runs validator nodes for network security, creating “dual value” of yields and appreciation, the analyst tells investors in a research note.