Securitize (NYSE:SECZ) Price Target Cut to $11.00 by Analysts at Rosenblatt Securities

Securitize (NYSE:SECZ) had its price objective cut by equities researchers at Rosenblatt Securities from $14.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 90.38% from the company’s current price.

SECZ has been the subject of several other reports. Citigroup started coverage on shares of Securitize in a research note on Tuesday. They issued an “outperform” rating for the company. Citizens Jmp initiated coverage on Securitize in a research note on Tuesday. They set an “outperform” rating and a $15.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Securitize currently has a consensus rating of “Buy” and a consensus price target of $12.00.

Securitize Price Performance

NYSE SECZ opened at $5.78 on Friday. The company has a market capitalization of $176.69 million, a PE ratio of -52.53 and a beta of 1.46. Securitize has a 12 month low of $5.67 and a 12 month high of $13.70.

Securitize (NYSE:SECZ) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The business had revenue of $14.44 million for the quarter.

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.