StoneX Raises Securitize Price Target Following Tokenized Launch
StoneX has raised its price target for Securitize to $18 from $12, highlighting new revenue generation from its Solana-based tokenized stock platform.
Financial services firm StoneX has lifted its price target for Securitize (SECZ) to $18 from $12, according to a report by TheBlock. The upward revision is driven by new revenue streams stemming from the Securitize Stocks tokenized trading platform operating on the Solana network.
Platform Revenue Growth
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The Securitize Stocks platform, which facilitates tokenized stock trading on Solana, has created an expanded revenue model for the firm, prompting analysts to adjust their valuation targets.
Key facts
- StoneX raised the Securitize price target to $18 from $12.
- The adjustment is attributed to new revenue from the Securitize Stocks platform.
- The tokenized trading platform operates on the Solana network.
Source: theblock.co
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