BofA raises Robinhood and Coinbase price targets and lowers eToro's price target

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BofA raises Robinhood and Coinbase price targets to 156 USD and 203 USD; lowers eToro to 39 USD BlockBeats reports that October 12, Bank of America (BofA) adjusted its price targets ahead of the release of third-quarter earnings reports by the three trading platforms. Analyst Craig Siegenthaler raised Robinhood's price target from 140 USD to 156 USD, maintaining a “Buy” rating; raised Coinbase's price target from 174 USD to 203 USD, also maintaining a “Buy” rating; and lowered eToro's price target from 46 USD to 39 USD, maintaining a “Neutral” rating.

As for earnings expectations, the market expects Robinhood's third-quarter revenue to be approximately 1400000000 USD, with earnings per share of 0.64 USD. The company has exceeded earnings-per-share expectations for 11 consecutive quarters.Coinbase is expected to report revenue of approximately 1770000000 USD, with a loss per share of 0.20 USD, after missing earnings expectations for three consecutive quarters. eToro is expected to report revenue of approximately 203000000 USD, with earnings per share of 0.40 USD.

The report noted that BofA's increase to Coinbase's price target was partly based on expectations for growth in stablecoin-related revenue, while its forecast for the company's near-term trading volume was lowered. For eToro, BofA lowered its earnings forecast due to factors including lower expected contributions from stock, commodity, and foreign-exchange trading, as well as slower account growth.

Original link https://m.theblockbeats.info/flash/371409

Key points

Bank of America raised Robinhood's price target from 140 USD to 156 USD, maintaining a “Buy” rating.
Bank of America raised Coinbase's price target from 174 USD to 203 USD, maintaining a “Buy” rating.
Bank of America lowered eToro's price target from 46 USD to 39 USD, maintaining a “Neutral” rating.
The market expects Robinhood's third-quarter revenue to be approximately 1400000000 USD, with earnings per share of 0.64 USD。
The market expects Coinbase's third-quarter revenue to be approximately 1770000000 USD, with a loss per share of 0.20 USD。
The market expects eToro's third-quarter revenue to be approximately 203000000 USD, with earnings per share of 0.40 USD。
The report stated that the increase in Coinbase's price target was partly based on expectations for growth in stablecoin-related revenue, but its forecast for near-term trading volume was lowered.
The report stated that the downgrade to eToro's earnings forecast was related to lower expected contributions from stock, commodity, and foreign-exchange trading, as well as slower account growth.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

A price target is an analyst's estimate of a future share price, not the actual share price. This adjustment shows that Bank of America raised its price-target assessment for Robinhood and Coinbase but lowered its assessment for eToro; the article also lists market expectations for the three companies' third-quarter performance.

Why it matters to readers

Changes to price targets and ratings may affect market attention to these trading platforms and their earnings performance, but price targets do not equal actual results.

Beginners can understand a price target as an analyst's expectation, and revenue and earnings-per-share expectations as market estimates made before the earnings reports are released; actual data still depends on the earnings reports.

Risks and unknowns

The information comes from BlockBeats' account; the evidence does not include Bank of America's original research report.
The revenue and earnings-per-share figures in the article are market estimates, not actual earnings-report data that has been released.
The evidence does not specify the actual release dates of the three companies' third-quarter earnings reports.

BofA raises Robinhood and Coinbase price targets and lowers eToro's price target

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