Benchmark lowers Securitize's 2026 revenue forecast to $82 million, maintains Buy rating

Odaily reported that Benchmark has reiterated its Buy rating and $16 price target for Securitize (SECZ), stating that the approximately 40% decline since its listing is not due to fundamental deterioration, but rather the result of SPAC investor structure transition and price discovery processes. Analyst Mark Palmer noted that the quality and prospects of SECZ's business have not changed since the completion of its SPAC merger, and investors should look past the noise to focus on business fundamentals. SECZ fell to $7.40 on Tuesday, down over 40% from its first-day opening price of $12.45 on the NYSE, before recovering nearly 14% to $8.50 on Wednesday. Benchmark also lowered its 2026 revenue forecast from $107 million to $82 million.