Cantor Sees Long-Term Value in SOL Treasuries, Initiates Coverage on DFDV, UPXI, and HODL
Cantor Fitzgerald has kicked off coverage on three companies with significant Solana (SOL) exposure—DeFi Development (DFDV), Upexi (UPXI), and Sol Strategies (HODL)—assigning them all an Overweight rating in a bullish note published Monday.
The firm set targets of $45 for DFDV, $16 for UPXI, and C$54 for HODL, highlighting confidence in their strategic decision to hold Solana as a core treasury asset. At present, SOL trades at $142.88.
“We view these companies as aligned with the broader shift toward decentralized finance, and Solana as the protocol best positioned to lead it,” wrote Cantor analysts led by Thomas Shinske.
The report contrasted Solana with Ethereum (ETH), currently trading at $2,428.99, noting that Solana outperforms Ethereum across speed, scalability, and developer growth—key factors driving Cantor’s conviction.
According to the firm, using SOL over ETH as a treasury reserve reflects growing confidence in Solana’s ability to overtake Ethereum’s dominant position, despite ETH still holding a market cap 2.5 times larger.
