DeFi Technologies (DEFI) has received a new Buy rating, initiated by Compass Point analyst, Ed Engel.
Ed Engel has given his Buy rating due to a combination of factors that highlight DeFi Technologies’ strategic positioning and growth potential. The company is making strides in increasing the accessibility of digital assets for institutional investors by issuing exchange-traded products (ETPs) on international stock exchanges. This move not only broadens their market reach but also allows them to monetize assets under management (AUM) through high-margin staking fees and trading income.
Additionally, DeFi Technologies is expected to uplist to Nasdaq by the second quarter of 2025, which could significantly enhance its visibility and attract more investors. The company’s diverse offering of over 60 ETPs, particularly in altcoins, and its proactive approach to crypto regulation in Europe further strengthen its market position. With a projected 75%+ EBITDA margin and a trading multiple that aligns with industry peers, DeFi Technologies presents a compelling investment opportunity, justifying the Buy rating.
According to TipRanks, Engel is an analyst with an average return of -13.6% and a 38.33% success rate.