DeFi Technologies (DEFT) Price Target Raised by Maxim Group
In a noteworthy development, Maxim Group has raised its price target for DeFi Technologies (DEFT, Financial) from $6.50 to $7.00, representing a 7.69% increase. This adjustment highlights the firm’s positive outlook on the stock’s potential performance.
The price target increase was announced by Maxim Group analyst Allen Klee, who has maintained a “Buy” rating on DeFi Technologies (DEFT, Financial). The consistent “Buy” rating suggests confidence in the company’s current trajectory and underlying strengths.
These updates reflect Maxim Group’s belief in the growth potential of DeFi Technologies (DEFT, Financial) and align with the company’s ongoing strategic developments. Investors keeping an eye on DeFi Technologies (DEFT) should note this latest endorsement from a respected financial institution.
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 25.12%
from the current price of $3.77. 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.
Based on GuruFocus estimates, the estimated GF Value for DeFi Technologies Inc (DEFT, Financial) in one year is $1.07, suggesting a
downside
of 71.62% from the current price of $3.77. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the DeFi Technologies Inc (DEFT) Summary page.