Citigroup Initiates Coverage on Securitize (NYSE:SECZ)

Stock analysts at Citigroup assumed coverage on shares of Securitize (NYSE:SECZ) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 33.74% from the company’s current price.

Separately, Rosenblatt Securities began coverage on shares of Securitize in a research note on Wednesday, July 15th. They set a “buy” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of $12.00.

Securitize Trading Up 0.1%

Shares of SECZ stock opened at $7.48 on Monday. The stock has a market cap of $228.65 million, a price-to-earnings ratio of -67.97 and a beta of 0.90. Securitize has a 12 month low of $6.04 and a 12 month high of $13.70.

About Securitize

Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.

Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.