7/102 sources · 2 publishersUpdated Oct 8, 21:27 UTC
Bank of America lifts price targets for Robinhood and Coinbase while cutting eToro
Bank of America raised its target price for Robinhood to $156, up from $140, and for Coinbase to $203, up from $174, keeping a Buy rating on both. The firm lowered eToro’s target to $39 from $46 and gave it a Neutral rating. The adjustments were announced ahead of the companies’ third‑quarter earnings releases.
Why it matters
BofA’s higher targets suggest a more bullish outlook for Robinhood and Coinbase, which could support their share prices ahead of earnings. The lower target for eToro signals a more cautious view and may pressure its stock.
Key facts
- 1BofA increased Robinhood’s price target from $140 to $156 and maintained a Buy rating. tradingview.com
- 2BofA raised Coinbase’s price target from $174 to $203 and kept a Buy rating. tradingview.com
- 3BofA cut eToro’s price target from $46 to $39 and gave it a Neutral rating. tradingview.com
- 4Robinhood’s stock rose about 1% in morning trade after the target increase. intellectia.ai
- 5Coinbase’s stock also moved higher following the target raise. intellectia.ai
- 6Robinhood is expected to report Q3 earnings of $0.64 per share on $1.4 billion revenue. tradingview.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.