DeFi Development (NASDAQ:DFDV) Raised to "Strong-Buy" at Cantor Fitzgerald

Key Points

• DeFi Development (NASDAQ:DFDV) has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, signaling increased analyst confidence in the stock's performance.
• Other analysts have held mixed ratings, with Wall Street Zen recently lowering its rating from "hold" to "sell," while Craig Hallum set a "buy" rating along with a $25 price target.
• As of the latest report, DeFi Development's stock was priced at $18.64, with a significant 52-week range between $0.48 and $53.88, reflecting notable volatility in its market performance.

DeFi Development (NASDAQ:DFDV - Get Free Report) was upgraded by research analysts at Cantor Fitzgerald to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of DeFi Development from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Craig Hallum started coverage on shares of DeFi Development in a research report on Monday, August 4th. They set a "buy" rating and a $25.00 price target for the company.

DeFi Development Price Performance

Shares of NASDAQ:DFDV opened at $18.64 on Wednesday. DeFi Development has a 52-week low of $0.48 and a 52-week high of $53.88. The stock has a fifty day moving average of $21.64. The stock has a market capitalization of $362.55 million, a price-to-earnings ratio of -73.72 and a beta of -7.30.

About DeFi Development

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.