- Earlier this year, Forward Industries pivoted toward digital asset management, transforming into the world’s largest Solana-based DAT.
- The Oak Ridge report observes a notable expansion in institutional activity even amid the downturn in the crypto market.
- The report highlights the company’s rapid expansion of its digital infrastructure.
Forward Industries (NASDAQ: FWDI) is the focus of a new analyst report from Oak Ridge Financial, which reiterates a Buy rating and establishes a $10 price target. The report highlights the company’s ongoing transformation into the world’s largest Solana-based Digital Asset Treasury (“DAT”) and evaluates why analysts believe the company may be positioned for long-term value creation.
Forward Industries previously operated as a design, manufacturing and sourcing group, but earlier this year, the company pivoted toward digital asset management. Following a $1.65 billion private placement that provided significant cash and stablecoin commitments, the company now centers its business…
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI
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