DeFi Development (NASDAQ:DFDV) Coverage Initiated by Analysts at Craig Hallum

Key Points

• Craig Hallum has initiated coverage of DeFi Development (NASDAQ:DFDV), giving it a "buy" rating with a target price of $25.00, indicating a potential upside of 77.94% from the current price.
• DFDV's stock recently opened at $14.05 and has seen a decline of 2.3%, with its market cap standing at $273.22 million.
• DeFi Development aims to revolutionize the commercial real estate lending market through a B2B fintech marketplace that connects borrowers and lenders with improved efficiency and transparency.

Analysts at Craig Hallum began coverage on shares of DeFi Development (NASDAQ:DFDV - Get Free Report) in a research report issued on Monday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $25.00 price target on the stock. Craig Hallum's price objective points to a potential upside of 77.94% from the company's current price.

DFDV has been the subject of a number of other reports. Wall Street Zen upgraded shares of DeFi Development to a "hold" rating in a research report on Friday, May 23rd. Cantor Fitzgerald assumed coverage on shares of DeFi Development in a research report on Monday, June 16th. They set an "overweight" rating and a $45.00 target price for the company.

DeFi Development Stock Down 2.3%

NASDAQ DFDV opened at $14.05 on Monday. The firm has a market capitalization of $273.22 million, a P/E ratio of -55.56 and a beta of -7.28. The firm's fifty day simple moving average is $22.73. DeFi Development has a 1 year low of $0.48 and a 1 year high of $53.88.

DeFi Development Company Profile

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.

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