Singular Research analyst Christopher Sakai downgraded Bigg Digital Assets to Buy-Long-Term from Buy with a price target of 26c, down from 50c. The company reported a "weak" Q3 but Netcoins significantly outperformed during November post the FTX collapse, with a 20% increase in daily revenue, Sakai tells investors in a research note. The analyst believes Bigg’s position "as one of few fully regulated cryptocurrency exchanges in Canada prepares it for a meaningful upside once cryptocurrency prices rebound."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BBKCF:
- Bigg Digital Assets subsidiary Netcoins launches in the U.S.
- BIGG Digital Assets Subsidiary, Blockchain Intelligence Group, Adds Cardano and Stacks Blockchain Support
- BIGG Digital Assets Inc. Reports Financial Results For Q3 2022
- BIGG Digital Assets Inc. Confirms No Exposure to FTX, FTT token, Alameda Research, Crypto.com and/or Cronos Token
- BIGG Digital Assets Inc. subsidiary Netcoins announces the re-launch of Netcoins Pay in partnership with Koho Financial Inc. and Mastercard
