Neptune Digital investing in Elon Musk businesses, says H.C. Wainwright

H.C. Wainwright reiterates a Buy rating on Neptune Digital (NPPTF) with a C$3 price target following the fiscal 2025 report. Neptune’s digital currency balance more than doubled over the past fiscal year to C$70.2M, the analyst tells investors in a research note. The firm says the company is “raising the bar” on its private equity investments, leaning in on Elon Musk’s business initiatives of SpaceX and xAI. H.C. Wainwright believes Neptune offers investors a “mix of crypto exposure complemented by fast-moving, tech companies playing in marquee arenas.”