The latest research on DeFi technologies focuses on a sharp price target reset from US$5.00 to US$2.50, with analysts looking to balance a still-constructive view with more cautious execution expectations. This change is being presented less as a change in core valuation data and more as an adjustment to the level of risk the market should price in as the company works out the timing around DeFi Alpha and other growth efforts. As you continue reading, keep an eye out for how this updated target shapes the story from a bullish and bearish perspective, and how you can continue to track this development over time.
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🐂 Bullish Takeaways
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Northland maintains an Outperform rating on DeFi Technologies, signaling that, even with a lower target, the company still views the stock constructively.
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The new price target of US$2.50, up from US$5.00, indicates that Northland still sees room to create value, while readjusting timing and execution expectations.
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By maintaining a positive rating while reducing the target, Northland is effectively recognizing broader growth efforts, while also recognizing that the execution of DeFi Alpha is essential for the story to move forward.
🐻 Bearish Takeaways
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Northland’s decision to halve its price target highlights a more cautious stance on how quickly DeFi Technologies can implement DeFi Alpha and related initiatives.
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The lowered outlook related to DeFi Alpha delays indicates timing risk around execution, raising questions about how much growth is realistic to factor into the current valuation.
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With the target reset to US$2.50, Northland reports that some of the previously expected upside is now discounted until clearer progress is made on product rollout and growth milestones.
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Valour, the subsidiary of DeFi Technologies, has received approval from B3 in Brazil to list Valor Solana, a Solana ETP, alongside the previously announced Bitcoin, Ethereum, XRP and Sui ETPs. All are expected to begin trading on December 17, 2025, giving Brazilian BRL-denominated investors access to multiple digital assets through local brokerage channels.
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A class action lawsuit has been filed on behalf of investors who purchased DeFi Technologies securities between May 12, 2025 and November 14, 2025. The lawsuit alleges that the company failed to fully disclose delays in executing its DeFi arbitrage strategy, competitive pressures and the impact on its 2025 revenue guidance, citing a revenue decline of nearly 20% in the third quarter of 2025 and a forecast reset to approximately $116.6 million.
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DeFi Technologies revised its annualized revenue forecast for 2025 to approximately $116.6 million from $218.6 million. The company cited delays in executing DeFi Alpha arbitrage opportunities due to the increase in digital asset treasury competitors and consolidation of digital asset price movements, while also referencing a recent $100 million equity financing and what it described as a strong balance sheet.
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Co-founder Johan Wattenström was appointed managing director following the resignation of Olivier Roussy Newton as CEO. Mr. Roussy Newton became a strategic advisor and remained a key shareholder. The company highlighted Mr. Wattenström’s previous experience launching Bitcoin ETPs and running a digital asset trading and market-making company.
