BTIG Research Initiates Coverage on Exodus Movement (NYSEAMERICAN:EXOD)

Stock analysts at BTIG Research started coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $40.00 price target on the stock. BTIG Research’s price objective would suggest a potential upside of 53.37% from the company’s previous close.

A number of other research analysts have also recently weighed in on EXOD. Compass Point assumed coverage on shares of Exodus Movement in a research note on Wednesday, February 12th. They set a “buy” rating and a $70.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price target on shares of Exodus Movement in a research note on Wednesday, February 5th.

Exodus Movement Price Performance

Shares of EXOD opened at $26.08 on Wednesday. The stock’s 50 day simple moving average is $44.56. Exodus Movement has a 1-year low of $6.25 and a 1-year high of $117.40.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.