Bernstein reiterates $67 target, sees 72% upside

Bernstein has maintained its $67 price target for the company, citing a significant 72% potential upside. This optimistic outlook is underpinned by a strong first quarter, during which loan volumes experienced a remarkable 113% year-over-year increase, reaching $2.9 billion. The firm's analysis highlights a compelling tokenization thesis that supports this aggressive valuation, suggesting substantial growth opportunities ahead for the company's financial services.