Benchmark Maintains Buy on SECZ With $16 Price Target After Post-SPAC Selloff

According to Benchmark analyst Mark Palmer, on Wednesday (July 14), the firm reiterated a Buy rating on Securitize (SECZ) with a $16 price target despite lowering its 2026 revenue forecast to $82 million from $107 million. Palmer argued the stock's roughly 40% decline since completing its SPAC merger does not reflect deteriorating fundamentals, but rather a price discovery phase as early SPAC investors take profits.

Separately on Wednesday, Securitize announced a partnership with Cantor Fitzgerald to enable public companies to conduct onchain initial public offerings and secondary offerings. The collaboration pairs Cantor's equities capital markets access with Securitize's tokenization infrastructure, bolstering the company's push into tokenized public equities following its NYSE debut earlier this month.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments