Benchmark Reiterates $16 Target for Securitize on July 16, Sees 40% Decline as Market Adjustment, Not Fundamentals

According to The Block, Benchmark reiterated its buy rating and $16 price target for Securitize (SECZ) on July 16, viewing the approximately 40% decline since listing completion as a result of SPAC investor composition shifts and price discovery, not fundamental deterioration. Analyst Mark Palmer stated that SECZ's business quality and outlook remain unchanged and investors should "strip away the noise" to focus on fundamentals.

SECZ fell to $7.40 on Tuesday before rebounding roughly 14% to $8.50 on Wednesday. The stock opened at $12.45 on its NYSE debut. Benchmark simultaneously lowered its 2026 revenue guidance from $107 million to $82 million.