Streamex price target lowered to $9 from $12 at Needham

Needham lowered the firm’s price target on Streamex (STEX) to $9 from $12 but keeps a Buy rating on the shares after the company hosted a business update webinar to discuss Q4 results, key milestones and product timelines. GLDY launch has not grown as quickly as previously estimated but the firm remains encouraged by conversations that the company is having with institutions, ETF issuers, and new counterparts within DeFi, the analyst tells investors in a research note.