BofA Raises Price Targets for Robinhood and Coinbase Ahead of Q3 Earnings, Cuts eToro
Yahoo Finance ·
Bank of America has adjusted price targets for major crypto-linked platforms ahead of the third-quarter earnings season. Analyst Craig Siegenthaler raised Robinhood's target from $140 to $156 and Coinbase's from $174 to $203, maintaining a 'Buy' rating on both. Conversely, eToro saw its target trimmed from $46 to $39 with a continued 'Neutral' stance. Robinhood heads into the earnings report boasting an 11-quarter streak of beating per-share profit estimates, with consensus pointing to $0.64 EPS on $1.4 billion in revenue. In contrast, Coinbase faces heightened pressure after missing profit forecasts in each of the past three quarters, with analysts projecting a loss of $0.20 per share on $1.77 billion in revenue. Meanwhile, eToro anticipates $0.40 EPS on $203 million in revenue. Following the analyst notes, Robinhood shares ticked up roughly 1% in morning trading, and Coinbase jumped up to 2.8%, whereas eToro dipped 1.1%. Bitcoin traded near $85,500, showing minor gains over the 24-hour window.
AI 시장 분석
Ahead of the Q3 earnings season, Bank of America (BofA) raised its price targets for Robinhood and Coinbase to $156 and $203, respectively. Conversely, competitor eToro received a downgraded price target of $39, reflecting mixed evaluations. These rating adjustments reflect earnings expectations and the readjustment of performance estimates for crypto-related platforms.
상승 영향
- Cryptocurrency — Investment sentiment is expected to improve as BofA raises price targets for Robinhood and Coinbase while maintaining buy ratings.
하락 영향
- Fintech — Pressure for differentiation within the peer group has increased due to eToro's price target downgrade to $39 and mixed earnings records.
DYAX 전담 분석
BofA's price target hikes reflect positive views on Robinhood's expected consecutive strong earnings and Coinbase's potential for a rebound. Having recorded EPS misses for three consecutive quarters, Coinbase must overcome concerns in the upcoming Q3 earnings (expected revenue of $1.77 billion, loss per share of $0.20).
The bull scenario involves a stock price rebound driven by recovering crypto trading volume and an earnings surprise, while the bear scenario entails persistent poor performance and dampened investment sentiment. Future Bitcoin price trends and Q3 earnings release results are key monitoring indicators.
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