Benchmark Cuts Exodus Price Target by 50% Following 25% Staff Reduction
2026-07-21 00:18

Woofun AI reports that Benchmark has halved its price target for Exodus Movement Inc. (EXOD), setting the new figure at $XX down from $XX, while retaining a Buy rating. This adjustment follows Exodus’s announcement of a 25% workforce reduction, affecting approximately 40 employees, to realign resources toward a full-stack stablecoin payments infrastructure business. The restructuring marks a strategic shift from consumer wallet services to broader payments infrastructure, positioning Exodus against established fintech and blockchain firms in the growing stablecoin transaction market.

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