TheBlock
StoneX raised its Securitize price target to $18 from $12 while maintaining a Buy rating on SECZ, even as shares plunged 10% on Monday. The new target sits roughly 45% above the current price and follows the launch of Securitize Stocks last Thursday.
Why it matters
Analyst Mark Palmer argues that Securitize is evolving from a tokenization vendor into a market operator. The company has said most of its tokenization revenue came from integration fees, leaving little of the $5.3 billion in quarterly transaction volume monetized directly.
Securitize Stocks creates additional potential revenue streams through transaction fees and servicing, with collateral-related revenue also possible later. The platform launched stocks including Apple, Nvidia and Tesla on Solana, with transactions settling in USDC. The securities are backed one-for-one by underlying shares and provide dividend and shareholder rights.
Market impact
StoneX projects revenue of nearly $120 million in 2027 and almost $200 million in 2028, implying roughly 65% annual growth. Palmer's $18 target applies a 14.5-times enterprise-value-to-revenue multiple to the 2028 forecast.
The market response has been mixed. SECZ shares rallied after the platform announcement before falling 10% on Monday, showing that investors are weighing the new monetization opportunity against the valuation and execution required to build a functioning tokenized-stock market.
Frequently asked questions
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Why did StoneX raise its Securitize price target?
StoneX raised its target because Securitize Stocks could add transaction and servicing revenue, moving the company beyond its previous integration-fee model.
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What is StoneX's new price target for SECZ?
StoneX increased its SECZ price target to $18 from $12 while maintaining a Buy rating.
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Which stocks are available through Securitize Stocks?
The launch brought tokenized Apple, Nvidia and Tesla shares onto Solana.
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How are the tokenized stocks settled and backed?
Transactions settle in USDC, and the securities are backed one-for-one by underlying shares. Holders also receive dividend and shareholder rights.
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What revenue growth does StoneX forecast for Securitize?
StoneX projects nearly $120 million in revenue in 2027 and almost $200 million in 2028, representing roughly 65% annual growth.
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