Securitize (NYSE:SECZ) Now Covered by Citigroup

Investment analysts at Citigroup initiated coverage on shares of Securitize (NYSE:SECZ) in a research note issued on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. Citigroup’s price target would suggest a potential upside of 33.74% from the company’s current price.

Separately, Rosenblatt Securities assumed coverage on shares of Securitize in a report on Wednesday, July 15th. They set a “buy” rating and a $14.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Securitize presently has a consensus rating of “Strong Buy” and a consensus price target of $12.00.

Securitize Stock Performance

Shares of SECZ stock opened at $7.48 on Monday. The stock has a market capitalization of $228.65 million, a P/E ratio of -67.97 and a beta of 0.90. Securitize has a 52-week low of $6.04 and a 52-week high of $13.70.

Securitize Company Profile

Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.

Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.