This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Are Bullish on These Financial Stocks: Coinbase Global (COIN), Robinhood (HOOD)

Tipranks - Fri Jun 12, 7:24AM CDT

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Coinbase Global (COIN), Robinhood (HOOD) and Riot Platforms (RIOT) with bullish sentiments.

Introducing TipRanks MCP for Agents

Coinbase Global (COIN)

In a report released today, Ian S. Moore from Bernstein maintained a Buy rating on Coinbase Global, with a price target of $330.00. The company’s shares closed last Wednesday at $153.97, close to its 52-week low of $146.12.

According to TipRanks.com, Moore is a 1-star analyst with an average return of -1.8% and a 52.2% success rate. Moore covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Live Nation Entertainment, and Warner Music Group. ;'>

Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $235.83, a 54.3% upside from current levels. In a report issued on June 3, Goldman Sachs also maintained a Buy rating on the stock with a $220.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Robinhood (HOOD)

In a report released today, Gautam Chhugani from Bernstein maintained a Buy rating on Robinhood, with a price target of $130.00. The company’s shares closed last Wednesday at $86.36.

According to TipRanks.com, Chhugani is a 5-star analyst with an average return of 29.4% and a 46.2% success rate. Chhugani covers the Financial sector, focusing on stocks such as Figure Technology Solutions, Inc. Class A, SharpLink Gaming, and Coinbase Global. ;'>

Currently, the analyst consensus on Robinhood is a Strong Buy with an average price target of $100.31, implying a 19.3% upside from current levels. In a report issued on May 30, TipRanks – OpenAI also upgraded the stock to Buy with a $104.00 price target.

Riot Platforms (RIOT)

Bernstein analyst Chad Dillard maintained a Buy rating on Riot Platforms yesterday and set a price target of $30.00. The company’s shares closed last Wednesday at $24.08.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 8.8% and a 63.4% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

Currently, the analyst consensus on Riot Platforms is a Strong Buy with an average price target of $30.20, implying a 22.2% upside from current levels. In a report issued on June 3, Clear Street also maintained a Buy rating on the stock with a $38.00 price target.

Read More on COIN:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.