Robinhood (HOOD) has been on a tear through 2024 so far, up more than 43% year-to-date fueled by an uptick in retail trading, particularly for Bitcoin. However, one analyst believes that this trend is poised to reverse and has changed his outlook from neutral to sell as a result. Citi analyst Christopher Allen says [...]
Coinbase (COIN) is up more than 15% after unveiling Q4 earnings yesterday after the market closed. The world’s leading cryptocurrency exchange easily outperformed compared to the market’s expectations. Total revenue was up 41% to $954 million, well above the $826 million Wall Street was forecasting. Meanwhile, adjusted earnings of $1.04 not only blew the [...]
Amidst a thriving crypto market, Coinbase Global (COIN) has seen its stock surge an astounding 375% this year, and 120% in the past 3 months alone. The stock fell off a cliff back in 2022 after reaching a high of $342/share. It fell to a low of $33/share just about a year ago. It’s [...]
