Maxim analyst Allen Klee has increased the price target for DeFi Technologies (DEFT, Financial) from $6.50 to $7, maintaining a Buy rating for the stock. This decision follows the company's first-quarter financial results. Despite a slight decrease in assets under management due to lower cryptocurrency prices during the quarter, Klee notes that fund inflows and a recovery in prices have bolstered potential fee increases. These factors contribute to the analyst's positive outlook on the company's performance moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for DeFi Technologies Inc (DEFT, Financial) is $4.72 with a high estimate of $4.97 and a low estimate of $4.47. The average target implies an upside of 31.03% from the current price of $3.60. More detailed estimate data can be found on the DeFi Technologies Inc (DEFT) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, DeFi Technologies Inc's (DEFT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
DEFT Key Business Developments
Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- DeFi Technologies Inc (DEFT, Financial) reported a record quarter with a net revenue of $62.7 million Canadian.
- The company has successfully launched 65 exchange-traded products (ETPs) across multiple jurisdictions and plans to expand to over 100 by the end of the year.
- DeFi Technologies Inc (DEFT) has upgraded its revenue guidance from $227.2 million Canadian to $285.6 million Canadian for 2025.
- The acquisition of Stillman Digital has enhanced trading execution capabilities and is expected to contribute significantly to the bottom line.
- DeFi Technologies Inc (DEFT) has a strong presence in Europe and the Nordics and is expanding into new markets such as the Middle East, East Africa, and Southeast Asia.
Negative Points
- The company's total assets declined from 1.3 billion Canadian to just over 1 billion Canadian due to volatility in crypto prices.
- Despite a positive net inflow of $72.4 million into ETP products, the company is still susceptible to volatile crypto prices.
- Reflexivity Research recorded a decrease in revenue compared to the previous year, earning $262,000 Canadian in Q1 2025.
- The Genesis loan is fully collateralized by 359 Bitcoin, which have been fully impaired, affecting the balance sheet.
- The company faces challenges in entering new markets due to regulatory hurdles and the need for significant investment in relationships and time.
