Cantor Fitzgerald Cuts Fold (NASDAQ:FLD) Price Target to $1.70

Posted by George Bondi on May 16th, 2026

Fold (NASDAQ:FLD – Free Report) had its price target decreased by Cantor Fitzgerald from $2.00 to $1.70 in a research report released on Wednesday morning, MarketBeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Finally, HC Wainwright dropped their price target on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.73.

Read Our Latest Stock Analysis on Fold

Fold Stock Down 7.2%

FLD opened at $1.42 on Wednesday. Fold has a 12-month low of $1.00 and a 12-month high of $5.54. The stock has a market cap of $71.31 million, a price-to-earnings ratio of -1.33 and a beta of 0.39. The business has a 50 day moving average of $1.34 and a 200-day moving average of $2.10.

Fold (NASDAQ:FLD – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.43). Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. The business had revenue of $5.59 million during the quarter, compared to analyst estimates of $10.00 million. As a group, analysts expect that Fold will post -0.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Wolfe Repass sold 21,857 shares of Fold stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $1.48, for a total transaction of $32,348.36. Following the completion of the sale, the chief financial officer directly owned 150,377 shares of the company’s stock, valued at approximately $222,557.96. This trade represents a 12.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 122,099 shares of company stock worth $178,281. Company insiders own 23.08% of the company’s stock.

Hedge Funds Weigh In On Fold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in Fold in the 4th quarter valued at $26,000. Goldman Sachs Group Inc. acquired a new position in Fold in the 4th quarter valued at $28,000. Abel Hall LLC acquired a new position in Fold in the 1st quarter valued at $31,000. SevenBridge Financial Group LLC acquired a new position in Fold in the 3rd quarter valued at $39,000. Finally, Aptus Capital Advisors LLC acquired a new position in Fold in the 3rd quarter valued at $39,000. 56.89% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Fold

Here are the key news stories impacting Fold this week:

Positive Sentiment: Northland Securities raised its Q2 2026 EPS estimate for Fold, suggesting a slightly better near-term earnings outlook than previously expected.
Positive Sentiment: Stonegate Capital said the company’s 1Q26 results did not change its core thesis, but instead shifted attention toward conversion and scaling across products already in market. Article Title
Neutral Sentiment: Fold’s Q1 2026 earnings call transcript and related coverage focused on management’s plan to offset crypto volatility by pushing its card business and other product initiatives.
Negative Sentiment: Northland Securities lowered its FY2026 EPS forecast for Fold, highlighting expectations for continued losses and signaling that profitability may take longer than hoped.
Negative Sentiment: Analysts have also cut Fold’s price target to $1.70, reinforcing concern that recent results and bitcoin-market-driven pressure are weighing on the stock.

About Fold

(Get Free Report)

Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company’s core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.

Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.