B. Riley Securities initiates Buy rating, sets $2 price target on Kindly MD.

B. Riley Securities initiates Buy rating, sets $2 price target on Kindly MD.

B. Riley Securities has initiated coverage of Kindly MD (NASDAQ: NAKA) with a Buy rating and set a price target of $2 per share. The analyst firm's research note highlights the potential of digital asset treasury companies (DATCOs) to capitalize on market opportunities through strategic capital allocation. According to Fedor Shabalin, B. Riley analyst, "When their stock prices exceed the value of their crypto holdings (trading at a premium to NAV), they issue new shares to buy more crypto, thus increasing assets per share. When trading below NAV (at a discount), they buy back shares to boost NAV/share. This strategy capitalizes on valuation gaps while offering investors regulated stock market access to digital assets," in a Seeking Alpha report.

Kindly MD, a DATCO, has been receiving positive attention due to its active treasury management strategy. The company's stock was trading at $0.80 on Thursday, September 12, 2025, with an average Wall Street analyst rating of Strong Buy and a Seeking Alpha author rating of Sell. The Quant rating is Strong Sell, indicating a mixed sentiment among market participants.

B. Riley Securities believes that bullish crypto investors should consider DATCOs like Kindly MD for leveraged exposure to crypto returns. The analyst firm's Buy rating and $2 price target reflect their confidence in the company's ability to exploit market opportunities and grow its crypto holdings.