“Coinbase, Robinhood crush estimates, analysts raise targets” (Cointelegraph)
“Stock analysts raised price targets on Coinbase and Robinhood after the exchanges crushed expectations during fourth-quarter earnings calls, according to equity research notes shared with Cointelegraph.
Soaring crypto trading volumes in the last three months of 2024 drove higher-than-expected revenues and profits for Coinbase and Robinhood — which is best known as a stock trading platform but is investing heavily in crypto.”
“‘The fourth quarter, and we would argue 2024 overall, was a pivotal and consequential period for the crypto ecosystem — market caps exploded, volumes jumped, new participants entered the market, and regulatory confidence completely flipped,’ analysts for JPMorgan wrote in a Feb. 14 research note shared with Cointelegraph.“
“In the past 12 months, shares of Coinbase and Robinhood have risen by approximately 112% and 365%, respectively, according to JPMorgan.” (Cointelegraph)
