Jones Trading initiated coverage of DeFi Technologies with a Buy rating. The firm set a price target of $1.00, citing the potential for cash flow from management fees and yields on underlying crypto assets, including Ethereum staking rewards.
Jones Trading also pointed to a valuation gap: DeFi Technologies’ market capitalization was roughly 50% below its assets under management. AUM totaled $397 million at the end of the second quarter of 2026.
The coverage comes after the company’s second-quarter 2026 results missed analyst expectations, with revenue and earnings both declining. Benchmark maintained its Buy rating but cut its price target from $2.00 to $1.00.