Analyst Ratings


Finance

Coinbase’s NFT Strategy Questioned by Mizuho Analyst

Dan Dolev is skeptical about the exchange getting into the NFT business at this time, citing a decline in NFT internet searches.

NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing.  (Photo by Robert Nickelsberg/Getty Images)

Finance

Analyst Still Positive on Stronghold Digital Despite Miss, Citing Miner’s Low Costs

The bitcoin miner’s stock tumbled more than 30% after it missed earnings estimates and said it won’t reach its 2022 hashrate goal.

Stronghold's power plant in Northeastern Pennsylvania.

Finance

DA Davidson Cuts Miner Stronghold’s Target by 40% Ahead of Earnings

The stock is still “super cheap” compared to other mining peers, analyst says.

Stronghold Digital Mining CEO Greg Beard (right) and Co-Chairman Bill Spence (left). 
(Stronghold Digital Mining)

Finance

Coinbase’s NFT Segment Could Add More Than $1B to Annual Revenue, Needham Says

Analyst John Todaro continues his buy rating on the stock and $360 price target, or more than double the current $176.

LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images)

Finance

Coinbase Remains a Market Leader Despite Near-Term Headwinds, Analysts Say

The shares fell as analysts cut their price targets while saying they’re not concerned about Coinbase's business.

Coinbase CEO Brian Armstrong (CoinDesk archives)

Finance

Jefferies Sees Nearly 160% Upside for Marathon Digital's Shares

The firm started coverage with a buy rating and 12-month price target of $51.

marathon

Finance

Crypto Miners Are Better Investments Than Bitcoin Even After Sell-Off: Analysts

Wall Street analysts see “compelling” opportunities in the stocks of miners as sell-off is not driven by fundamentals.

Hut 8 plant

Finance

Bitcoin Miner Iris Energy Has More Than 100% Upside, JPMorgan Analyst Says

The bank’s analyst initiated research on Iris Energy with a buy-equivalent rating and a 12-month price target of $30 per share.

Data Center Server Room Bitcoin Mining

Finance

Marathon Digital Sell-Off a Buying Opportunity, DA Davidson Analyst Says

The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm.

Marathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot)

Finance

Stronghold Digital Outperforms Peers After DA Davidson Buy Rating

The investment bank initiated its coverage of the bitcoin mining company with a 12-month price target of $42.

Stronghold Digital Mining Raises $105M to Turn Waste Coal Into Bitcoin

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