Standard Chartered Initiates ENA Coverage With $2 Target

4 outlets reporting

Your call?🐂 Bullish🐻 Bearish

7x

forecast ENA gain

$ENA

$0.2536

+0.1%

Standard Chartered forecasts a 7x gain by end-2028 on the strength of Ethena's buyback program. The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.