Synaptogenix (SNPX, Financial) has initiated its cryptocurrency strategy by acquiring its first tranche of TAO, focusing on advancements in artificial intelligence and machine learning. The company has partnered with BitGo, a leader in digital asset solutions, to manage custody, and facilitate staking and trading services for its TAO assets. BitGo Trust Company will ensure the security of Synaptogenix's digital assets, keeping them in regulated and insured cold storage. Additionally, BitGo's affiliated trading platforms will support Synaptogenix's future TAO acquisitions. The purchase was financed from the company's existing cash reserves and balance sheet, and the TAO will be staked directly from BitGo Trust's qualified custody.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Synaptogenix Inc (SNPX, Financial) is $14.00 with a high estimate of $14.00 and a low estimate of $14.00. The average target implies an upside of 288.89% from the current price of $3.60. More detailed estimate data can be found on the Synaptogenix Inc (SNPX) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Synaptogenix Inc's (SNPX, 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.
