Exodus Movement Analysts Lower Their Forecasts After Q4 Results

Core Insights - Exodus Movement Inc reported mixed results for the fourth quarter, with earnings of 36 cents per share exceeding the analyst consensus estimate of 12 cents per share, while quarterly sales of $29.500 million fell short of the consensus estimate of $30.219 million [1] - Following the earnings announcement, Exodus Movement shares increased by 15.3%, reaching a trading price of $9.24 [1] Analyst Opinions - BTIG analyst Andrew Harte maintained a Buy rating on EXOD stock but lowered the price target from $30 to $20 [2] - Benchmark analyst Mark Palmer also maintained a Buy rating while reducing the price target from $42 to $21 [2]