Securitize (NYSE:SECZ) Price Target Cut to $10.00 by Analysts at Benchmark

Securitize (NYSE:SECZ – Get Free Report) had its price objective lowered by analysts at Benchmark from $16.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 78.41% from the company’s current price.

Several other equities research analysts also recently commented on SECZ. Citizens Jmp started coverage on shares of Securitize in a research report on Tuesday, August 11th. They issued an “outperform” rating and a $15.00 price target for the company. Citigroup assumed coverage on shares of Securitize in a research report on Tuesday, August 11th. They set an “outperform” rating on the stock. Finally, Rosenblatt Securities cut their target price on shares of Securitize from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $11.50.

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Securitize Stock Down 0.1%

SECZ stock opened at $5.61 on Monday. Securitize has a one year low of $5.17 and a one year high of $13.70. The stock has a market cap of $171.40 million, a price-to-earnings ratio of -50.95 and a beta of 1.48.

Securitize (NYSE:SECZ – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($2.37) earnings per share for the quarter. The firm had revenue of $14.44 million for the quarter.

Securitize Company Profile

(Get Free Report)

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.

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