Benchmark Trims Price Target for DeFi Technologies Amid Weak Earnings
Benchmark has lowered its price target for DeFi Technologies (no ticker given) to $1.00 from $2.00, while maintaining a Buy rating.
This decision was made after reviewing the company's second-quarter 2026 report, which revealed revenue and earnings that fell short of Wall Street estimates.
The quarter also saw a decline in monetization rate, and DeFi Technologies' stock price has decreased by 45% over the past year and is down 26% year-to-date.