B.Riley Starts Antalpha Platform Holding Co. (ANTA) at Buy

B.Riley analyst Hal Goetsch initiates coverage on Antalpha Platform Holding Co. (NASDAQ: ANTA) with a Buy rating and a price target of $14.00.

The analyst comments: "We are initiating coverage of Antalpha Platform Holding Company (ANTA) with a Buy rating and a 12-month price target of $14 per share, based on a 15x multiple on our 2026 EPS estimate. Headquartered in Singapore, Antalpha is a fintech platform company providing financing, technology, and risk management solutions to institutional and corporate participants in the digital asset industry. Antalpha provides supply chain financing solutions through machine mining loans and hashtag loans for participants in the Bitcoin mining industry. Antalpha is the primary lending partner for Bitmain, the world's largest Bitcoin mining machine supplier.

We view ANTA as a unique company in the digital asset ecosystem, as it is an early mover in offering lending services to the industry. The company has a short operating history, having been founded in 2022. The markets it serves are nascent, fast-growing, and generating solid unit economics. However, the company has not been through a typical lending cycle since its founding. We believe these factors make ANTA suitable for investors with a high risk tolerance."

For an analyst ratings summary and ratings history on Antalpha Platform Holding Co. click here. For more ratings news on Antalpha Platform Holding Co. click here.

Shares of Antalpha Platform Holding Co. closed at $10.81 yesterday.

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