Company Description
DeFi Technologies Inc. (DEFTF) is a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). The Company aims to provide widespread investor access to digital assets.
Record Quarter, FY:24 Guidance Raised; Increase Target Price to US$2.75. DeFi’s underlying profitability reached record highs alongside record revenue in Q2:24. The arbitrage trading desk, DeFi Alpha, is turning out to be a powerful revenue driver. The Company raised its FY:24 revenue guidance. We increase our target price to US$2.75 (earlier US$1.75) and maintain a Buy-Venture rating on the stock.
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