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Investing.com - Cantor Fitzgerald has significantly reduced its price target on Upexi Inc. (NASDAQ:UPXI) to $6.00 from $16.00 while maintaining an Overweight rating on the stock. This new target represents an 86% upside from the current price of $3.22, though the stock has fallen 67% over the past six months.
The firm’s revised price target represents a 62.5% reduction from its previous valuation, though Cantor Fitzgerald continues to view the company favorably as indicated by the maintained Overweight rating. This aligns with the overall analyst consensus of "Strong Buy" according to InvestingPro data, despite the stock’s tendency to trade with high volatility.
Cantor Fitzgerald explained that it has removed the value previously applied to Upexi’s treasury operations in its valuation model, citing that the company is now trading at a discount to its modified Net Asset Value (mNAV).
The new $6 price target is now based entirely on Upexi’s current SOL holdings and the value of its staking income, according to the research note.
Cantor Fitzgerald did not provide specific details about Upexi’s current SOL holdings or quantify the staking income value that forms the basis of the revised price target. While the company boasts impressive gross profit margins of 78.4%, InvestingPro analysis suggests the stock may be overvalued at current levels. Investors can access the comprehensive Pro Research Report on UPXI, along with 12 more ProTips and detailed financial metrics, to make more informed decisions.
In other recent news, Upexi Inc. reported strong financial results for the first quarter of 2025, with total revenue reaching $9.2 million. A significant portion of this revenue, over $6 million, came from digital assets, highlighting the company’s strategic focus on blockchain technology. Additionally, Upexi revealed impressive unrealized gains of approximately $78 million, attributed to its Solana-based initiatives. In another development, the company announced a share repurchase program, authorized by its Board of Directors, allowing for the buyback of up to $50 million of its outstanding common stock. This move indicates a commitment to enhancing shareholder value. The company plans to execute these purchases in the open market, contingent upon market conditions and other factors. These recent developments underscore Upexi’s focus on digital assets and strategic financial maneuvers.
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