Analyst Ratings


Mercati

Bitcoin Could Hit $1M Within 10 Years, Bernstein Says as It Initiates Coverage of MicroStrategy

The broker assigned the software company an outperform rating and a $2,890 price target.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

Finanza

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics

The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.

Bank of America (Taylor Simpson/Unsplash)

Mercati

Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts

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.

Robinhood app on a smartphone (Shutterstock)

Finanza

Bitcoin Could Benefit From a Trump Win and U.S. Fiscal Dominance: Standard Chartered

A Trump election victory could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said.

President Trump Delivers Remarks in New Orleans; Jan 14, 2019

Mercati

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.

Coinbase CEO Brian Armstrong speaks at a political rally hosted by Stand With Crypto. (screenshot from Coinbase video)

Finanza

MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark

Early adoption of new accounting standards means the company could report a gain of more than $300 per share for the first quarter and meet the remaining requirement for index inclusion, the report said.

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Mercati

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.

Michael Saylor, executive chairman of MicroStrategy (Michael.com)

Mercati

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.

A Hut 8 mining facility (hut8.io)

Mercati

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns

Retail engagement materially accelerated in the first quarter, the report said.

Robinhood app on a smartphone (Shutterstock)

Mercati

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.

Galaxy Digital CEO Mike Novogratz at the Token 2049 conference in Singapore in 2022 (Sam Reynolds/CoinDesk)