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Aug 4, 06:10 PM
BofA Lifts Robinhood Target as Compass Point Cuts Coinbase to Sell
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BofA Lifts Robinhood Target as Compass Point Cuts Coinbase to Sell

Authors
  • The Wolf Of All Streets
  • Evan
  • The Block
17

Bank of America Global Research on Monday lifted its price target for Robinhood Markets Inc. to $119 from $112 and reiterated a Buy rating after the broker’s second-quarter results beat expectations. Analyst Craig Siegenthaler cited stronger sales and tighter expense controls as drivers of the higher valuation. Other brokers echoed the positive view. Mizuho Securities reaffirmed its $120 target, highlighting Robinhood’s plans for tokenized equities and resilient crypto trading revenue, while Compass Point kept a Buy rating with a $105 target, saying forthcoming staking products and institutional order routing could power growth in 2026. Robinhood shares gained about 5% in afternoon trading. Wall Street took a markedly different tone on rival Coinbase Global Inc. Bank of America pared its price target to $369 from $383 and maintained a Hold stance after the crypto exchange missed second-quarter forecasts. Keefe Bruyette & Woods also trimmed its target to $335 from $355. Compass Point issued the sharpest revision, downgrading Coinbase to Sell and slashing its target to $248 from $330. The firm warned that cooling retail interest and intensifying stablecoin competition threaten the exchange’s valuation. Coinbase’s transaction revenue fell 39% sequentially to $764 million in the quarter, contributing to a 15% slide in the shares since last week’s earnings release, though the stock remains up 28% for the year. The diverging analyst calls underscore a widening gap in investor sentiment toward the two U.S. trading platforms.

Written with ChatGPT .

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