Cantor Fitzgerald last night initiated coverage of Forward Industries with an Overweight rating and $7.90 price target. The company's Solana position puts its validator among the top 10 globally, which is above the threshold where third-party "delegation flywheels kick in," the analyst tells investors in a research note. The firm says Solana has been one of the worst performers of 2026, despite seeing continued growth in underlying network fundamentals. This creates an attractive entry point into Forward Industries, a vehicle that gives leveraged exposure to a potential re-rating of Solana, contends Cantor.
