Bitcoin Miners Bitdeer, CleanSpark, Core Scientific Initiated at Outperform by KBW
The three companies offer varying degrees of exposure to the world’s largest cryptocurrency, the report said.
Analyst Ratings
Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at ‘Overweight’
The broker initiated coverage of HIVE with an overweight rating and $9 price target.
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
The broker upgraded the bitcoin miner’s shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.
MicroStrategy Bull Doubles Down on The Stock by Raising Price Target to Wall Street High
The broker raised its year-end price target for the software company to $2,150 from $1,875.
DeFi Technologies Stock Sell-Off Is ‘Attractive Buying Opportunity,’ Benchmark Says
The stock lost nearly half of its value earlier this week following the tumble in altcoins and after the publication of a negative opinion piece in a crypto newsletter, the report said.
Bitcoin Could Hit $1M Within 10 Years, Bernstein Says as It Initiates Coverage of MicroStrategy
The broker initiated coverage of the stock with an outperform rating and a $2,890 price target.
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.
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.
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 Executive Director Michael Saylor (CoinDesk)