StoneX kept a Buy rating and $12 target for Exodus Movement (EXOD), saying payments and cost cuts offset weaker wallet activity and bring it closer to adjusted breakeven. Exodus reported third-quarter revenue of $32.5 million Monday, above estimates, and an adjusted EBITDA loss of $3.9 million, down from $6.7 million in the second quarter, according to The Block. Payments generated nearly $11 million, offsetting a 29% year-over-year drop in wallet revenue to $21.6 million. Headcount fell to 214 from 326, with roughly $30 million in savings expected going into 2027; shares rose over 8% Thursday morning to $4.68. Exodus awaits Latvian approval to resume card issuance in Europe and has resumed issuing cards in the U.S.