The price target jumped from $12 to $18, a full 50% increase. That's the new number StoneX has put on Securitize (ticker: SECZ), and the reasoning isn't about growth in the old core business—it's about a relatively new name: Securitize Stocks.

StoneX said the main basis for the upgraded price target comes from Securitize Stocks, a tokenized stock trading platform built on the Solana blockchain, which has opened up a new revenue stream for the company. In other words, what analysts are valuing isn't Securitize's existing core business, but whether this new platform can actually translate into real numbers on the financial statements.

For now, publicly available information is limited to the price target adjustment itself and the reasoning cited behind it—StoneX hasn't disclosed further details on Securitize Stocks' actual trading volume, user base, or its contribution to revenue.