The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.
Bitcoin Could Benefit From U.S. Fiscal Dominance and a Trump Win, Standard Chartered Says
A Trump election win could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark
MicroStrategy Should Continue to Rally as Bitcoin Halving Nears: Benchmark
The broker raised its price target for the software company to $1,875 from $990 and maintained its buy rating on the stock.
Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
Robinhood Initiated as Market Perform at KBW as Retail Trading Returns
Retail engagement materially accelerated in the first quarter, the report said.
Galaxy Digital Has Several Positive Catalysts in Play This Year: Canaccord
The crypto firm’s fourth quarter was solid, and commentary about the performance through the end of February was even better, the report said.
Coinbase Is More Than Just a Crypto Exchange: JMP Securities
Momentum continues to build in the company’s ancillary businesses, the report said.
Bitcoin Year-End Price Target Raised to $90K at Bernstein
Robinhood to Benefit From ‘Monster’ Crypto Cycle, Initiated Outperform by Bernstein
Total crypto market cap is expected to reach $7.5 trillion by 2025 from $2.6 trillion today, the report said.
Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance
The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.
Coinbase Analysts Turn More Bullish on Crypto Exchange After Earnings Beat; Shares Climb
Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.
Coinbase Upgraded by Oppenheimer as Crypto Exchange Is ‘Stronger Than Many People Realize’
Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.
Quality Bitcoin Mining Stocks Offer a Good Way to Gain Exposure to the Next Bull Run: Bernstein
Bernstein expects bitcoin to rise to a high of $150,000 in the 2024-2027 cycle, the report said.
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says
In a break with historical norms, the exchange’s volumes continue to fall even as the bitcoin price has risen, suggesting disengagement by retail customers, the report said.
Coinbase Bears Doubt Stock Can Rise Even After Beating Wall Street’s Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.
Coinbase Cut to Underweight Ahead of Earnings by Barclays
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Investor Enthusiasm for Coinbase Shares May Prove Short-Lived: Berenberg
The crypto exchange is faced with several risks that could trigger a reversal of the stock’s recent gains, the report said.
Coinbase Downgraded by Oppenheimer After Disclosing Possible SEC Charges
The Wall Street brokerage said it was becoming increasingly worried about the fairness of crypto enforcement actions in the U.S.