Ark Invest's Significant Trades: Cathie Wood's Ark Invest increased its holdings in Bullish, Coinbase, Circle Internet Group, and Shopify while selling a large number of Pinterest shares.
Bullish's Financial Outlook: Ark acquired over 28,000 shares of Bullish ahead of its third-quarter results, with expectations of a revenue increase despite a drop in earnings per share.
Coinbase's Market Challenges: Ark's funds purchased shares of Coinbase amid a crypto market downturn, which has raised concerns about the company's revenue tied to cryptocurrency prices.
Shopify's Strong Performance: Ark's investment in Shopify followed the company's impressive third-quarter revenue growth, leading analysts to raise their price targets for the stock.
Wall Street analysts forecast ARKF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARKF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast ARKF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARKF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 46.060
Low
Averages
High
Current: 46.060
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.