Golden Finance reports that Wall Street firm Cantor has given its first ratings to Solana financial company DeFi Development, Upexi, and Sol Strategies, assigning them a buy rating. The broker’s target price for DeFi Development is $45, for Sol Strategies it is CAD 54, and for Upexi, it is $16.
The analysts, led by Thomas Shinske, wrote: "We believe that SOL Finance is betting that the future of finance will be on-chain, and that the preferred chain will be Solana. Cantor noted that Solana’s biggest competitor is the Ethereum blockchain, but its technology is much better than its much larger counterparts in various metrics, and that using Solana as a financial asset makes more sense than using Ether. “Developer growth on SOL has recently far outpaced developer growth on ETH, and we expect this to continue,” the analysts wrote. ”
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