Q: What are your current views on DEFI? Do you see potential from here?
5i Research Answer:
we like DEFI, its recent results were strong, guidance was increased, and for a small company ($1.7B) it has held up fairly well throughout the volatility of the past several months. Forward growth is expected to be robust, with about 20% EPS growth over the next year. It has a diversified set of revenue streams and growth catalysts include international expansion, new products, and the potential for a US exchange uplisting. We think it looks interesting, especially if the broader crypto markets can continue to rise.