DeFi Development, Upexi and Sol Strategies, Solana financials, are being rated and overweight for the first time by Cantor, a Wall Street firm, which has a $45 price target on DeFi Development, C $54 on Sol Strategies and $16 on Upexi.
"We believe SOL Finance is betting that the future of finance will be on-chain, and the chain of choice will be Solana," wrote analysts led by Thomas Shinske. Cantor noted that Solana's biggest competitor is the Ethereum blockchain, but its technology is far better than its larger peers on every metric, and using Solana as a financial asset makes more sense than using Ether. "Developer growth on SOL has recently far exceeded developer growth on ETH, and we expect this to continue," the analysts wrote.
Cantor: Using SOL as a reserve strategy is better than ETH, and companies that buy SOL should trade at a premium
2025-06-16 22:48:18
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