H.C. Wainwright Reiterates a Buy Rating on DeFi Technologies (DEFT)

DeFi Technologies Inc. (NASDAQ:DEFT) is one of the top strong buy stocks under $5 to buy now. On August 20, H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on DeFi Technologies Inc. (NASDAQ:DEFT), setting a $5.50 price target.

The analyst told investors that DeFi Technologies Inc. (NASDAQ:DEFT) has exhibited a promising rise in assets under management, rising from $773 million at the end of June to $947 million in July.

Dede expects this upward trend to continue, supported by broad-based bullish expectations for crypto adoption.

The analyst added that DeFi Technologies Inc.’s (NASDAQ:DEFT) product offering expansion is on track, with a goal of reaching 100 products by the end of the year, potentially bolstering AUM further.

DeFi Technologies Inc. (NASDAQ:DEFT) provides investment services and plans to acquire debt, equity, or other securities of private or publicly traded companies or other entities. Its offerings include DeFi ETNs, DeFi Governance, DeFi Venture, and DeFi Treasury.

While we acknowledge the potential of DEFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.