Nakamoto price target lowered to 50c from $1 at B. Riley

B. Riley lowered the firm’s price target on Nakamoto (NAKA) to 50c from $1 and keeps a Buy rating on the shares. Price targets for covered Digital Asset Treasuries are being updated to reflect the current market environment, where most DATs largely track their underlying crypto assets, the analyst tells investors in a research note. Firms that diversify into fee-generating or operational businesses-such as staking, lending, custody, or trading infrastructure-tend to have more durable valuations, as recurring revenue can partially hedge against crypto volatility and support stable cash-flow-based multiples, the firm says.