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.
Analyst Ratings
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.
Coinbase Is More Than Just a Crypto Exchange: JMP Securities
Momentum continues to build in the company’s ancillary businesses, the report said.
Bitcoin Year-End Price Target Raised to $90K at Bernstein
Bernstein boosts bitcoin year-end price target ( Hans Eiskonen/Unsplash)
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 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.
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 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.
Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility
Shares in the crypto-friendly lender are down about 90% over the past year.