Analyst Ratings


Finance

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

Markets

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)

Finance

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)

Markets

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)

Markets

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)

Markets

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)

Markets

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)

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)

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