Benchmark Begins Coverage on Exodus Movement (NYSEAMERICAN:EXOD)

Investment analysts at Benchmark started coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $38.00 price target on the stock. Benchmark’s target price suggests a potential upside of 55.10% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. BTIG Research started coverage on shares of Exodus Movement in a research report on Wednesday. They issued a “buy” rating and a $40.00 price target for the company. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Exodus Movement in a research note on Wednesday, February 5th. Finally, Compass Point began coverage on Exodus Movement in a report on Wednesday, February 12th. They set a “buy” rating and a $70.00 price objective for the company.

Exodus Movement Price Performance

EXOD stock opened at $24.50 on Wednesday. Exodus Movement has a 1-year low of $6.25 and a 1-year high of $117.40. The stock has a 50-day simple moving average of $45.33.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.