Analyst Ratings


Finance

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Momentum continues to build in the company’s ancillary businesses, the report said.

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

Finance

Bitcoin Year-End Price Target Raised to $90K at Bernstein

The broker expects a 7% reduction in hashrate post-halving from shutdowns versus 15% earlier, the report said.

Institutional traders are more bullish on bitcoin than alternative cryptocurrencies. (Hans Eiskonen/Unsplash)

Markets

Robinhood to Benefit From ‘Monster’ Crypto Cycle, Initiated Outperform by Bernstein

Total crypto market cap is expected to almost triple to $7.5 trillion by 2025, the report said.

Robinhood website on laptop (Unsplash)

Markets

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 sticker on a Macintosh laptop

Markets

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.

(Alpha Photo/Flickr)

Finance

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.

Coinbase (Alpha Photo/Flickr)

Markets

Bitcoin's Heading to $150K and Quality Mining Stocks Offer a Good Way to Gain Exposure: Bernstein

Bernstein expects the largest cryptocurrency to hit that level during the 2024-2027 cycle, the report said.

CleanSpark CEO Zach Bradford and Executive Chairman Matt Schultz at the company's CleanBlock facility in College Park, Georgia.

Finance

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 (COIN) reports fourth quarter earnings on Thursday and is expected to post strong numbers as trading volume picked up in the last few months of the year. (Piggybank/Unsplash)

Markets

Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats 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 CEO Brian Armstrong (CoinDesk)

Markets

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.

(Shutterstock)