WisdomTree price target lowered to $14 from $15 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on WisdomTree (WT) to $14 from $15 and keeps a Buy rating on the shares following quarterly results. The firm expects that the numbers provided will likely prove underwhelming to some, but it would view now as an unfair time to judge. As management has acknowledged, they have faced a much tougher regulatory path than initially anticipated and as such are not yet able to truly go after their target market of “on-chain” users. In particular, Craig-Hallum expects that throughout this year the company will be able to add on and off ramps for blockchain assets and payments, which will provide a much more seamless experience for blockchain native customers.