Standard Chartered Targets MORPHO at $60 by 2030, Projecting 2,787% Upside

According to The Block, Standard Chartered released its first coverage of Morpho on Wednesday, setting a target price of $60 for the native token MORPHO by end of 2030, implying potential gains of approximately 2,787%. The bank's global head of digital assets research, Geoff Kendrick, provided annual milestones: $3.5 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and $60 in 2030.

Morpho is the second-largest decentralized lending protocol after Aave, with approximately $5.5 billion in deposits across Morpho Markets and $4.3 billion in Morpho Vaults. The report suggests Morpho will benefit as total DeFi assets are projected to grow 37 times by 2030.