‘Clear runway’ to 5,000 BTC: Benchmark initiates Asian food platform DDC, sees 70% upside
The Block
Benchmark initiated coverage on DDC Enterprise with a Buy rating, citing its dual focus on Asian food operations and aggressive Bitcoin treasury accumulation.Summary
Benchmark has initiated coverage of DDC Enterprise (NASDAQ: DDC) with a Buy rating and a $3 price target, representing a 70% upside. Analyst Mark Palmer highlighted the company’s potential to grow its Bitcoin holdings from 2,383 to 5,000 BTC by the end of 2026. Unlike other corporate treasury firms, DDC maintains operational stability through its established Asian food platform, including brands like DayDayCook. Furthermore, the company has introduced an AI-driven operating system to manage its treasury, contributing to Benchmark's view that the stock is currently undervalued relative to its assets.
(Source：The Block)