Securitize (NYSE:SECZ) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Securitize (NYSE:SECZ) in a research note published on Monday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $21.20 price target on the stock.

SECZ has been the topic of a number of other reports. Benchmark dropped their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Citigroup started coverage on Securitize in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. Wall Street Zen downgraded Securitize to a “strong sell” rating in a report on Saturday, September 5th. Needham & Company LLC began coverage on Securitize in a report on Tuesday, September 8th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Rosenblatt Securities dropped their price target on Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $13.37.

Securitize Stock Performance

SECZ opened at $14.29 on Monday. Securitize has a twelve month low of $5.14 and a twelve month high of $14.87. The business’s fifty day moving average price is $7.56. The firm has a market capitalization of $2.33 billion, a PE ratio of -5.76 and a beta of 1.45.

Securitize (NYSE:SECZ) last released its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share (EPS) for the quarter. The company had revenue of $14.44 million for the quarter. On average, equities research analysts anticipate that Securitize will post -0.81 EPS for the current fiscal year.

Securitize News Summary

Here are the key news stories impacting Securitize this week:

• Positive Sentiment: The New York Stock Exchange’s expansion of plans for tokenized stocks strengthened the outlook for Securitize’s platform and reinforced expectations that blockchain-based trading could become more widely adopted. Securitize Hits New High as NYSE Expands Tokenized Stock Plans
• Positive Sentiment: Recent Securities and Exchange Commission developments reportedly provided a “go signal” for tokenized securities trading, boosting confidence in Securitize’s regulatory positioning and growth prospects. Securitize Climbs to All-Time High on Tokenized Securities Go-Signal
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an Overweight rating and a $21.20 price target, citing Securitize’s early position in the tokenization of traditional financial assets. The bullish target encouraged additional buying. Cantor Fitzgerald Sees Big Upside in Securitize
• Positive Sentiment: The broader cryptocurrency rally and optimistic Wall Street estimates added momentum, while inclusion in the S&P Total Market Index could increase visibility and potentially support index-related demand. Securitize Added to S&P TMI Index

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities on blockchain networks. Its platform enables companies and investment managers to tokenize assets such as private-company shares, private funds, credit products and other real-world assets, while supporting compliance and investor onboarding.

The company offers services including digital securities issuance, transfer-agent and fund-administration capabilities, a marketplace for certain tokenized assets, and investment products through its Securitize Capital business.