Benchmark reiterated its Buy rating on Securitize (SECZ) and kept its $16 price target, even as it lowered its 2026 revenue forecast for the company to $82 million from $107 million. The firm said the roughly 40% drop in SECZ shares since listing does not reflect a deterioration in fundamentals. Instead, it attributed the move to the transition in the shareholder base following the company’s SPAC combination and to the market’s price-discovery process.
Analyst Mark Palmer said Securitize’s business quality and outlook have not changed since the SPAC merger closed. In his view, investors should look past short-term trading noise and focus on the company’s underlying business. SECZ fell to $7.40 on Tuesday, down more than 40% from its first-day opening price of $12.45 on the New York Stock Exchange. The stock then rose nearly 14% on Wednesday to $8.50.
Benchmark reiterated its Buy rating on Securitize (SECZ) and maintained a $16 price target, while cutting its 2026 revenue forecast for the company to $82 million from $107 million.
The firm said the roughly 40% decline in SECZ shares after listing was not driven by weaker fundamentals. It said the drop reflected a transition in the SPAC investor base and the market’s price-discovery process. Analyst Mark Palmer said SECZ’s business quality and outlook have not changed since the SPAC merger closed, adding that investors should separate that noise from the company’s fundamentals.
SECZ fell to $7.40 on Tuesday, down more than 40% from its first-day opening price of $12.45 on the New York Stock Exchange. The stock rose nearly 14% on Wednesday to $8.50.
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