Is It Time to Ride the Upbeat Momentum in Coinbase? ETFs in Focus
Coinbase Stock Surge: Coinbase's stock reached a 52-week high following an upgrade from Bernstein analysts, who raised the price target to $510 and described the company as the "Amazon of crypto services." The stock has risen approximately 40% this year, partly due to favorable legislation for stablecoins.
Analyst Recommendations and Earnings Estimates: The average brokerage recommendation for Coinbase is 2.14, with 13 out of 29 analysts rating it as a Strong Buy. Earnings estimates for the current quarter have increased to $0.91 per share, reflecting growing institutional adoption and optimism in the crypto market.
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Is It Time to Ride the Upbeat Momentum in Coinbase? ETFs in Focus
Coinbase Stock Surge: Coinbase's stock reached a 52-week high following an upgrade from Bernstein analysts, who raised the price target to $510 and described the company as the "Amazon of crypto services." The stock has risen approximately 40% this year, partly due to favorable legislation for stablecoins.
Analyst Recommendations and Earnings Estimates: The average brokerage recommendation for Coinbase is 2.14, with 13 out of 29 analysts rating it as a Strong Buy. Earnings estimates for the current quarter have increased to $0.91 per share, reflecting growing institutional adoption and optimism in the crypto market.
Coinbase Soars 24% on S&P 500 Inclusion: What Lies Ahead for ETFs?
Coinbase's Stock Surge: Coinbase shares rose 24% on May 13, 2025, following the announcement of its inclusion in the S&P 500 Index, which typically boosts stock prices due to increased demand from passive funds and ETFs. The company reported a net income of $65.6 million, despite a significant drop from the previous year.
Market and Acquisition Developments: The broader cryptocurrency market is experiencing growth, with Bitcoin surpassing $100,000, positively impacting Coinbase's sentiment. Additionally, Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, aimed at expanding its global presence, although analysts have recently cut earnings estimates for COIN shares.
Riot Platforms To Raise $525 Million Via Private Convertible Debt To Purchase Bitcoins
Riot Platforms' Private Offering: Riot Platforms, Inc. has priced a $525 million upsized private offering of convertible senior notes due 2030, with plans to use the proceeds for acquiring additional bitcoins and general corporate purposes.
Market Performance and Mining Update: Despite a record month for the cryptocurrency market, Riot's stock has dropped over 27% year-to-date, reporting third-quarter revenue that fell short of estimates; however, it successfully mined 505 bitcoins in October, increasing its total holdings to 10,928 bitcoins.
Companies in Fin-Tech that would be impacted by a 100 basis point fall in floating rates
Interest Rate Sensitivity of Fintech Companies: Baird analysts identified various companies in the financial technology and payments sector based on their sensitivity to interest rate changes, categorizing them into those that would benefit, have neutral impact, or face headwinds from a 100 basis points fall in floating rates.
Performance Outlook for ARK Fintech Innovation ETF: The report highlights challenges for the ARK Fintech Innovation ETF amid fading hopes for rate cuts and a stall in fintech's rally, alongside updates on significant movements like the Revolut CEO's stake sale.
Riot Platforms Targeted by Kerrisdale Capital's Short Sell Report: Details (UPDATED)
- Riot Platforms, Inc RIOT Shares: Trading lower after Kerrisdale Capital's report expressing a bearish view on the stock due to its focus on energy arbitrage and stock issuance over generating shareholder value through crypto mining.
- Concerns Raised by Analyst: Bitcoin mining is criticized for being a poor business model for public companies due to unpredictable revenue, high capital requirements, fierce competition, commodity nature of the product, and regulatory scrutiny.
- Issues Highlighted: Riot has never shown positive cash flow or decent returns, with excessive management compensation and frequent dilution of shares.
- Texas Regulatory Environment: Texas' lenient regulatory environment for Bitcoin miners is changing due to concerns over environmental impact, leading to increased oversight and legislation that could affect financial incentives.
- Response from Riot Platforms: Riot disagreed with the negative characterization, stating confidence in their growth plans and financial performance, while the analyst suggested better Bitcoin exposure options exist through low-fee ETFs and ETPs.
Kerrisdale Capital Hits Riot Platforms With Short Sell Report: Details
- Riot Platforms, Inc Report: Kerrisdale Capital’s Founder expressed a bearish view on Riot Platforms due to its focus on energy arbitrage and stock issuance over generating shareholder value through crypto mining.
- Concerns Raised: Bitcoin mining is criticized for being a poor business model for public companies due to unpredictable revenue, high capital requirements, fierce competition, commodity nature of the product, and regulatory scrutiny.
- Management Issues: Adrangi highlighted that Riot has never shown positive cash flow or decent returns, with excessive management compensation and frequent dilution.
- Texas Regulatory Environment: Despite Texas' appeal to Bitcoin miners for cheap energy and lenient regulations, concerns over environmental impact are leading to increased oversight and legislation that could affect profitability.
- Investor Recommendations: The analyst suggested that investors have better options for Bitcoin exposure through low-fee ETFs and ETPs, as Riot Platforms lost 16% in the last year.
Is It Time to Ride the Upbeat Momentum in Coinbase? ETFs in Focus
Coinbase Stock Surge: Coinbase's stock reached a 52-week high following an upgrade from Bernstein analysts, who raised the price target to $510 and described the company as the "Amazon of crypto services." The stock has risen approximately 40% this year, partly due to favorable legislation for stablecoins.
Analyst Recommendations and Earnings Estimates: The average brokerage recommendation for Coinbase is 2.14, with 13 out of 29 analysts rating it as a Strong Buy. Earnings estimates for the current quarter have increased to $0.91 per share, reflecting growing institutional adoption and optimism in the crypto market.
Coinbase Soars 24% on S&P 500 Inclusion: What Lies Ahead for ETFs?
Coinbase's Stock Surge: Coinbase shares rose 24% on May 13, 2025, following the announcement of its inclusion in the S&P 500 Index, which typically boosts stock prices due to increased demand from passive funds and ETFs. The company reported a net income of $65.6 million, despite a significant drop from the previous year.
Market and Acquisition Developments: The broader cryptocurrency market is experiencing growth, with Bitcoin surpassing $100,000, positively impacting Coinbase's sentiment. Additionally, Coinbase announced a $2.9 billion acquisition of Deribit, a major crypto derivatives exchange, aimed at expanding its global presence, although analysts have recently cut earnings estimates for COIN shares.
Riot Platforms To Raise $525 Million Via Private Convertible Debt To Purchase Bitcoins
Riot Platforms' Private Offering: Riot Platforms, Inc. has priced a $525 million upsized private offering of convertible senior notes due 2030, with plans to use the proceeds for acquiring additional bitcoins and general corporate purposes.
Market Performance and Mining Update: Despite a record month for the cryptocurrency market, Riot's stock has dropped over 27% year-to-date, reporting third-quarter revenue that fell short of estimates; however, it successfully mined 505 bitcoins in October, increasing its total holdings to 10,928 bitcoins.
Companies in Fin-Tech that would be impacted by a 100 basis point fall in floating rates
Interest Rate Sensitivity of Fintech Companies: Baird analysts identified various companies in the financial technology and payments sector based on their sensitivity to interest rate changes, categorizing them into those that would benefit, have neutral impact, or face headwinds from a 100 basis points fall in floating rates.
Performance Outlook for ARK Fintech Innovation ETF: The report highlights challenges for the ARK Fintech Innovation ETF amid fading hopes for rate cuts and a stall in fintech's rally, alongside updates on significant movements like the Revolut CEO's stake sale.
Riot Platforms Targeted by Kerrisdale Capital's Short Sell Report: Details (UPDATED)
- Riot Platforms, Inc RIOT Shares: Trading lower after Kerrisdale Capital's report expressing a bearish view on the stock due to its focus on energy arbitrage and stock issuance over generating shareholder value through crypto mining.
- Concerns Raised by Analyst: Bitcoin mining is criticized for being a poor business model for public companies due to unpredictable revenue, high capital requirements, fierce competition, commodity nature of the product, and regulatory scrutiny.
- Issues Highlighted: Riot has never shown positive cash flow or decent returns, with excessive management compensation and frequent dilution of shares.
- Texas Regulatory Environment: Texas' lenient regulatory environment for Bitcoin miners is changing due to concerns over environmental impact, leading to increased oversight and legislation that could affect financial incentives.
- Response from Riot Platforms: Riot disagreed with the negative characterization, stating confidence in their growth plans and financial performance, while the analyst suggested better Bitcoin exposure options exist through low-fee ETFs and ETPs.
Kerrisdale Capital Hits Riot Platforms With Short Sell Report: Details
- Riot Platforms, Inc Report: Kerrisdale Capital’s Founder expressed a bearish view on Riot Platforms due to its focus on energy arbitrage and stock issuance over generating shareholder value through crypto mining.
- Concerns Raised: Bitcoin mining is criticized for being a poor business model for public companies due to unpredictable revenue, high capital requirements, fierce competition, commodity nature of the product, and regulatory scrutiny.
- Management Issues: Adrangi highlighted that Riot has never shown positive cash flow or decent returns, with excessive management compensation and frequent dilution.
- Texas Regulatory Environment: Despite Texas' appeal to Bitcoin miners for cheap energy and lenient regulations, concerns over environmental impact are leading to increased oversight and legislation that could affect profitability.
- Investor Recommendations: The analyst suggested that investors have better options for Bitcoin exposure through low-fee ETFs and ETPs, as Riot Platforms lost 16% in the last year.
