BTIG cuts Exodus Movement stock price target to $12 on valuation
BTIG has reduced its price target for Exodus Movement stock to $12.00, down from $16.00, while retaining a Buy rating on the cryptocurrency wallet and exchange provider. Analyst Andrew Harte made the adjustment. The current stock price is $6.33, significantly lower than the new target and the company has seen a 77% decline over the past year due to cryptocurrency market pressures. Despite the lowered target, BTIG maintains its positive outlook for the company.
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