Benchmark Equity Research is maintaining its Buy rating on tokenization infrastructure firm Securitize as the company's planned NYSE listing moves into final stages, with a $16 price target tied to 2027 revenue projections of $178 million.
The rating follows the SEC's declaration last week that the registration statement for Securitize's merger with Cantor Equity Partners II had become effective, clearing a key regulatory hurdle before a shareholder vote scheduled for June 29. If approved and customary closing conditions are met, the combined company is expected to trade on the NYSE under the ticker SECZ.
In a note to investors on Wednesday, Benchmark analyst Mark Palmer wrote that Securitize could emerge as a listed company within days of the shareholder vote, adding that the timing coincides with accelerating commercial adoption of tokenization infrastructure.
Palmer argued that the key question for investors is not whether real-world asset tokenization will occur, but who will control the rails supporting it.
"On that question, Securitize has separated itself from the field, in our view," Palmer wrote in the note. "So, at a time when the sentiment around digital asset related equities has been at a low ebb, the company's stock is poised to be a positive outlier."
