Benchmark reiterated its Buy rating on Exodus after the crypto wallet provider announced a 25% workforce cut. According to NS3.AI, analyst Mark Palmer lowered his price target to $12 from $23.
Palmer also cut his second-quarter and full-year revenue forecasts, citing bear market conditions in crypto over the past nine months.
Exodus Faces Lower Revenue Forecasts After 25% Workforce Cut, Benchmark Says
2026-07-20 15:28:32
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