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Benchmark Lowers Securitize's 2026 Revenue Forecast to $82 Million, Maintains 'Buy' Rating
Svmuu News: Benchmark has reaffirmed its “Buy” rating and $16 price target for Securitize (SECZ), noting that the company’s approximately 40% decline since its IPO is not due to a deterioration in fundamentals, but rather reflects a shift in the SPAC investor base and the price discovery process. Analyst Mark Palmer stated that SECZ’s business quality and outlook have not changed since the SPAC merger was completed, and investors should filter out the noise and focus on the business fundamentals. SECZ fell to $7.40 on Tuesday, down more than 40% from its NYSE debut opening price of $12.45, before rising nearly 14% to $8.50 on Wednesday. Benchmark also lowered its 2026 revenue forecast from $107 million to $82 million.
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