StoneX keeps Buy rating on Exodus with $12 target as break-even nears

Analyst Mark Palmer says payments growth is offsetting a softer wallet business as the company cuts costs heading into 2027 StoneX analyst Mark Palmer is sticking with his Buy rating on Exodus Movement, keeping a $12 price target on a stock that recently traded at $4.63. His core argument: Exodus is closing in on adjusted break-even, and its payments business is doing the heavy lifting. The Block reported Palmer’s reiterated rating on November 12, 2026. On the day of the report, Exodus shares (ticker: EXOD ) rose nearly 7% intraday to $4.63. The rating follows Exodus’s third-quarter 2026 results. Revenue came in at $32.5 million, up 7% from the same quarter a year earlier. Exodus posted an adjusted EBITDA loss of $3.9 million for the quarter.

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