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Coinbase - 2 Goldman Sachs - 2 Will Nance - 2 JPMorgan's Kenneth Worthington - 2 haven't - 1 bitcoin - 1 Raymond James - 1 Goldman - 1
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U.S Coinbase Needham 2024e Tuesday's Key Banc stablecoins
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Search resuls for: "JPMorgan's Kenneth Worthington"


6 mentions found


☆ Wall Street cheers Coinbase after its first quarterly profit in 2 years, but skepticism lingers
  + stars: | 2024-02-16 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +8 min
Wall Street is celebrating Coinbase after the crypto exchange operator posted its first quarterly profit in two years. Late Thursday, Coinbase posted earnings of $1.04 per share on $954 million of revenue for the fourth quarter. "Happy days are here again" for Coinbase, as Raymond James put it, but it's not clear for how long. "That said, we maintain our U/P rating given crypto market unpredictability, lack of revenue diversification, valuation, and continued legal overhang." JPMorgan, neutral, PT $95 "Management calls spot bitcoin ETFs [a] net positive but, we're still unconvinced," said JPMorgan's Kenneth Worthington.
Persons: Coinbase, haven't, bitcoin, Raymond James, Goldman Sachs, Goldman, Will Nance, revs, Jason Kupferberg, Benjamin Budish, EBITDA, underperform, Patrick O'Shaughnessy, we're, Kenneth Worthington, Keefe, KBW's Kyle Voigt, Oppenheimer, Owen Lau, Devin Ryan, Needham, John Todaro, Canaccord, Joseph Vafi, Michael Bloom Organizations: LSEG, U.S . Securities, Exchange Commission, " Bank of America, Bank of America, Barclays, JPMorgan, Management, SEC, Coinbase's, BTC Locations: U.S, Coinbase, Needham
☆ Wednesday's analyst calls: Big gains ahead for solar stock, Palantir gets downgraded
  + stars: | 2024-02-14 | by ( Brian Evans Fred Imbert | Brian Evans | Fred Imbert | ) www.cnbc.com   time to read: +7 min
The firm downgraded the cosmetics stock to hold from buy but maintained $530 per share price target. The firm maintained a neutral rating alongside a $13 per share price target, implying nearly 10% upside ahead. The firm is standing by an underperform rating on Robinhood stock with a $12 per share price target. HSBC downgraded the software stock to hold but maintained its $22 per share price target. First Solar shares have lagged in 2024, losing 11.6% amid concern that Federal Reserve rate cuts may not arrive until later than anticipated.
Persons: Ulta, Anthony Chukumba, Chukumba, Brian Evans, Christopher Danely, — Brian Evans, Robinhood's, Robinhood, LSEG, JPMorgan's Kenneth Worthington, Goldman Sachs, Will Nance, America's Craig Siegenthaler, Wells, Biogen, Mohit Bansal, Stephen Bersey, Christopher Dendrinos, Dendrinos, Fred Imbert Organizations: CNBC, U.S, Wednesday, RBC, HSBC, Palantir, Citi, Revenue, Bank, America's, Technologies, RBC Capital Markets, Enphase Energy, Shoals Technologies Locations: 2024e, Tuesday's, U.S
☆ Coinbase just took a stake in stablecoin issuer Circle. Here’s what it could mean for the crypto exchange
  + stars: | 2023-08-22 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Late Thursday, the companies announced that Coinbase had taken a minor equity stake in Circle, which includes a 50/50 revenue share of interest income going forward. "Centre will no longer exist as a stand-alone entity and Circle will remain as the issuer of USDC, bringing any Centre governance and operations responsibilities in-house." The U.S. stablecoin market has been held back by regulatory uncertainty this year, and the market cap for USDC has dropped nearly 42% since the start of the year, according to CryptoQuant. "All else is in fact not equal as [the] USDC market cap has drifted lower through 2Q23 and interest rates are subject to change." "The Circle equity stake deepens COIN's exposure to a dwindling asset class … casting doubt about the standalone business model of stablecoins."
Persons: Coinbase, they're, Alex Markgraff, JPMorgan's Kenneth Worthington, USDC, Ramsey El, Assal, They're, Dan Dolev Organizations: Wall Street, Key, Barclays, U.S ., Mizuho, PayPal Locations: U.S, Key Banc, stablecoins
☆ Analysts call Coinbase's ongoing regulatory battles a 'major roadblock,' say long-term outlook looks uncertain
  + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Despite Coinbase Global 's better-than-expected quarter , many analysts remain cautious on the crypto exchange's longer-term outlook, viewing the regulatory and legal backdrop as a major obstacle for shares. But even with this seemingly intact near-term outlook, Wells Fargo's Jeff Cantwell warned that both the medium and long-term trajectory appears constrained, calling the regulatory backdrop a "major roadblock." COIN 1D mountain Coinbase shares pop on earnings Cantwell reiterated an underweight rating on the stock. An uncertain regulatory outlook One of the biggest concerns for analysts is the uncertain regulatory environment for the company. Nance has a sell rating on Coinbase shares.
☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
  + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com   time to read: +5 min
Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.
☆ The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion
  + stars: | 2022-11-22 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +5 min
Nevertheless, crypto trading services such as those offered by Coinbase , SoFi and Robinhood are likely to suffer a lull nevertheless as retail and institutional investors alike exit the market or try and move past their fear of another upheaval. "We are updating our model to reflect a 'lower for longer' assumption, particularly as it pertains to retail trading," Budish said. SoFi in a unique position This week, Democratic senators urged regulators to look into SoFi's trading activity as Washington attempts contemplates acting on FTX's spectacular collapse. SoFi has said its crypto revenue exposure is immaterial, it's compliant with regulators, doesn't do any crypto lending and had no exposure to FTX. However, it's possible that SOFI may find itself more heavily regulated with potential for incremental capital and liquidity requirements."
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