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Search resuls for: "Simon Clinch"


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It's time to step to the sidelines on Coinbase after its recent rally, according to Atlantic Equities. Analyst Simon Clinch downgraded Coinbase to neutral but raised his price target, following the crypto exchange operator's run-up. "We are raising our target price to $80, reflecting the impact of higher crypto prices, but downgrading the shares to Neutral given the limited upside." COIN 1D mountain Coinbase shares 1-day The analyst's price target represents downside of about 10% for Coinbase shares from Tuesday's closing price of $89.15. But the analyst pointed out cryptocurrency volumes are currently low, even as high prices buoy investor sentiment.
Persons: Simon Clinch, Clinch, Coinbase, USDC, Michael Bloom Organizations: Coinbase, U.S . Securities, Exchange Commission Locations: Coinbase
Zillow An "enticing buying opportunity remains" in Zillow, according to Stephens analyst John Campbell. MarketAxess Atlantic Equities analyst Simon Clinch advised investors buy the dip in MarketAxess, the electronic trading platform for credit markets. To be sure, Clinch acknowledged that pressures remain, but the "long term growth opportunity remains attractive" and headwinds should soon turn into tailwinds. Booking Holdings- Argus, buy rating "We believe that BKNG shares are undervalued at current prices near $2,713. As such, our rating remains BUY.
Persons: Bowlero, Steven Wieczynski, Wieczynski, John Campbell, Campbell, Simon Clinch, Clinch, Zillow, Stephens, Cowen Organizations: CNBC, Liberty Media, Lucky, ZG, Company, Liberty Formula One, Booking Holdings, Argus Locations: Zillow, Atlantic
While crypto exchange Coinbase may seem volatile, the stock presents attractive returns for investors willing to wait out until the longer term, according to Atlantic Equities. The firm upgraded Coinbase shares to overweight from neutral. Despite the volatility of crypto markets that is reflected in the company's fundamentals, the analyst says Coinbase remains the "best expression of crypto." He noted that "a 10% move in crypto market cap impacts our target by about 7-8%, making Coinbase the best way to express a view on the crypto market." COIN YTD mountain Coinbase stock —CNBC's Michael Bloom contributed to this report.
Market Movers rounded up the best reactions from investors and analysts on Coinbase Global . CNBC's Jim Cramer and Mizuho Securities' Dan Dolev discussed the crypto exchange as its shares popped 7.5% Tuesday following an upgrade of the stock by Atlantic Equities to overweight from neutral. Analyst Simon Clinch maintained the $70 price target on the stock and said: "Coinbase's recent actions allow investors to look through towards the longer-term opportunity. We are raising our revenue estimates by 8.2% and 7.4% in FY23 and FY24 … making Coinbase the best way to express a view on the crypto market."
Persons: CNBC's Jim Cramer, Dan Dolev, Simon Clinch Organizations: Coinbase, Mizuho Securities
Check out the companies making some of the biggest moves in premarket trading:ChargePoint — Shares of the electric vehicle charging station company jumped 5% premarket after Bank of America upgraded the stock to buy. Tesla — Shares gained 3% premarket. Last Thursday, Tesla and Ford announced a partnership giving Ford owners access to Tesla Superchargers. Coinbase — Shares gained 4% in premarket trading. Nvidia — Shares continued to near $1 trillion in market value, up 3.7% in premarket trading.
Earnings season is underway and Wall Street analysts are picking their favorite stocks to buy ahead of third quarter results. In addition, "capital allocation optionality provides sources of earnings upside," according to the firm. We could see EPS of ~$1 by 2030, and view the stock as undervalued given the growth and earnings potential. This shows the earnings potential of Pfizer beyond the loss of exclusivity of key drugs through the end of the decade. ... .Capital allocation optionality provides sources of earnings upside."
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