Compass Point lowered its price target on DeFi Technologies (NASDAQ:DEFT) to $1.45 from $1.50, maintaining a Buy rating.
The stock trades at $87.1, down 27% over the past year and 14% in the last six months.
Q1 fee revenue was $6.3 million, reflecting deep bear market conditions. Outflows reached $1.7 million in Q1 2026.
Assets under management stand at about $550 million. Quarter-to-date inflows have reaccelerated to $15 million.
The company has a $100 million enterprise value. The price target applies a 12x multiple to the prior $30 million EBITDA run rate.
About 60-70% of AUM is in Altcoin ETPs. Compass Point says DeFi Technologies offers the most leverage to higher crypto prices.
