BTIG lowered the firm's price target on Exodus Movement to $16 from $20 and keeps a Buy rating on the shares following the Q1 report. The results were "soft" was expected were soft, with revenue declining 37% year-over-year in a volatile crypto market backdrop, the analyst tells investors in a research note. Exodus sees the Monavate acquisition diversifying its revenue to address the volatility witnessed in Q1, adds BTIG.
