Securitize edges up after Citizens starts coverage with 'market outperform'
SECZ•Citizens initiates coverage on Securitize with market outperform
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Shares of tokenizing platform Securitize SECZ.N were up marginally after Citizens initiated coverage with a "market outperform" rating.
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Its $15 price target implies 116.8% upside to the stock's last close.
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The brokerage said Securitize's moat lies in the regulated operating system around the security, not the creation of the token.
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It added that a large portion of the growth opportunity already sits inside relationships SECZ has won — it operates live products for BlackRock, Apollo, Hamilton Lane, KKR, VanEck, BNY among others.
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Securitize provides regulated infrastructure for tokenized securities, supporting issuance, investor-onboarding, transfer agency, fund administration, distribution, etc.
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Including session's move, the stock was up about 100% year to date.
