Upexi price target lowered to $6 from $16 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Upexi (UPXI) to $6 from $16 and keeps an Overweight rating on the shares. With a large SOL treasury, discounted valuation, and new share repurchase authorization, the setup offers an appealing risk/reward profile, the analyst tells investors in a research note. The firm has removed the value applied to its treasury operations from its model.