Latest news with #BrettKnoblauch
Yahoo
11 hours ago
- Business
- Yahoo
Cantor Fitzgerald Reiterates a Buy Rating on Cipher Mining (CIFR)
Cipher Mining Inc (NASDAQ:CIFR) is one of the 13 Crypto Stocks with the Highest Upside Potential. In a report released on June 4, Brett Knoblauch from Cantor Fitzgerald reiterated a Buy rating on Cipher Mining Inc (NASDAQ:CIFR), raising the price target to $6 from $4. The analyst told investors in a research note that Cipher Mining Inc (NASDAQ:CIFR) mined 179 Bitcoin in May, which translates to 5.8 Bitcoin per day. A close-up of a laptop with a Bitcoin ecosystem monitor running in the background. The firm estimated that the company generated around $18.5 million in mining revenue in May, contending that Cipher Mining Inc (NASDAQ:CIFR) is on the path to becoming one of the fastest-growing miners by hash rate capacity this year. Cipher Mining Inc. (NASDAQ:CIFR) develops and operates bitcoin mining data centers. It operates four bitcoin mining data centers in Texas through its subsidiaries, including Cipher Mining Technologies Inc. The company specializes in industrial-scale Bitcoin mining and is dedicated to enhancing and fortifying the critical infrastructure of the Bitcoin network in the US. While we acknowledge the potential of CIFR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
11 hours ago
- Business
- Yahoo
Cantor Fitzgerald Remains Bullish on Hive Digital (HIVE) With a $5 PT
Hive Digital Technologies Ltd. (NASDAQ:HIVE) is one of the 13 Crypto Stocks with the Highest Upside Potential. In a report released on June 6, Brett Knoblauch from Cantor Fitzgerald maintained a Buy rating on Hive Digital Technologies Ltd. (NASDAQ:HIVE) with a price target of $5.00. The same day, the company announced a significant operational milestone, stating that it surpassed 10 exahash per second (EH/s) in global Bitcoin mining capacity, up from 6 EH/s at the end of the March quarter. Hive Digital Technologies Ltd. (NASDAQ:HIVE) also announced that its peak hash rate rose 58% month-over-month from 6.6 EH/s in April to 10.4 EH/s in May. A close-up of hands typing code to facilitate the exchange of Ethereum and Ethereum Classic. This rapid scaling was attributed to the successful energization of the company's 100 MW hydro-powered facility located in Paraguay. The milestone supports Hive Digital Technologies Ltd.'s (NASDAQ:HIVE) global position as a leading energy-efficient and fast-growing Bitcoin miner. It mined 139 Bitcoin in May, averaging 4.5 BTC per day with an average mining efficiency of 8.5 EH/s that attained a peak of 10.4 EH/s. Based in Canada, Hive Digital Technologies Ltd. (NASDAQ:HIVE) is a cryptocurrency mining company focused on sustainable green energy. It operates green energy-powered data center facilities in Iceland, Sweden, and Canada. While we acknowledge the potential of HIVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
7 days ago
- Business
- Yahoo
Analysts shows confidence in S&P entrant, raising target by 15%
Analysts shows confidence in S&P entrant, raising target by 15% originally appeared on TheStreet. The analysts at Cantor Fitzgerald have raised their 12-month price target for Coinbase (Nasdaq: COIN) from $253 to $292. Founded in 2012, Coinbase is the largest crypto exchange in the U.S. that went public in April 2021. Last month, it emerged as the first public crypto company to earn a spot on the S&P 500 index. Cantor Fitzgerald analysts led by Brett Knoblauch wrote in a recent note to clients that over the long term, Coinbase's trading activities will allow it to increase its market share and its activities outside of trading will materially alter "how investors view COIN." Though the analysts at Cantor lowered their revenue estimates for the crypto exchange by nearly 4%, they doubled down on an "overweight" rating on COIN. The note also mentions that the analysts don't expect "material upside" from these new products this year, but there could be a "profound" shift in investor perception by the second half of 2026 and into 2027. During the company's 2025 State of Crypto Summit, it announced on 12 June a partnership with Shopify to help merchants accept payments in USDC, a stablecoin issued by Circle (NYSE: CRCL). The service is available to early access merchants at Shopify and will expand to stores across the globe running Shopify Payments later this year. The exchange also launched a credit card the same day. Called the Coinbase One Card, it claims to give users a chance to earn up to 4% in Bitcoin rewards on every purchase. The COIN stock closed at $242.71 on 13 June as the Israel-Iran conflict shook the markets. Analysts shows confidence in S&P entrant, raising target by 15% first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared.
Business Insider
07-06-2025
- Business
- Business Insider
Cantor Fitzgerald Keeps Their Buy Rating on HIVE Digital Technologies (HIVE)
In a report released today, Brett Knoblauch from Cantor Fitzgerald maintained a Buy rating on HIVE Digital Technologies (HIVE – Research Report), with a price target of $5.00. The company's shares closed today at $2.01. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Knoblauch is a 4-star analyst with an average return of 5.3% and a 47.46% success rate. Knoblauch covers the Technology sector, focusing on stocks such as Robinhood Markets, Bitdeer Technologies, and Strategy. Currently, the analyst consensus on HIVE Digital Technologies is a Strong Buy with an average price target of $7.38.
Yahoo
08-05-2025
- Business
- Yahoo
Coinbase Posts Jump in Revenue, Drop in First-Quarter Earnings
(Bloomberg) — Coinbase Global Inc.'s first-quarter revenue jumped while profit declined as the largest US crypto exchange navigated the volatile price swings of the digital asset market. Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? Vail to Borrow Muni Debt to Ease Ski Resort Town Housing Crunch Iceland Plans for a More Volcanic Future As Trump Reshapes Housing Policy, Renters Face Rollback of Rights NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies Revenue increased about 24% to $2 billion from the year-ago period, though it was around 10% sequentially lower from the fourth quarter, the San Francisco-based company said in a blog post Thursday. Revenue was expected to be $2.105 billion, according to the average forecast of analysts surveyed by Bloomberg. Net income fell 94% to $66 million, or 26 cents per share. Coinbase's shares fell about 3% in after-hours trading. The stock is down 17% so far this year. Coinbase has been seeking to lessen its reliance on positive investor sentiment to adding services and expanding into new sectors. Earlier Thursday, Coinbase said it agreed to acquire Deribit, the world's largest exchange for Bitcoin and Ether options, for $2.9 billion. The acquisition marks Coinbase's most ambitious push yet into the lucrative crypto derivatives market, with Deribit's total trading volumes nearly doubling last year to almost $1.2 trillion. It also comes on a day when Bitcoin hit $100,000 for the first time since February amid easing global trade tensions. 'This is the largest crypto M&A deal in history,' Cantor analyst Brett Knoblauch said in a note Thursday, adding, 'We believe this is an A+ acquisition for COIN.' In a shareholder letter on Thursday, Coinbase said it generated about $240 million of total transaction revenue in April. It expects second-quarter subscription and services revenue to be within $600-$680 million range, as the company expects sequential growth 'in stablecoin revenue to be more than offset by a decline in blockchain rewards revenue due to lower asset prices.' Revenues from Circle's USDC stablecoin, from which Coinbase receives a share, rose 32% sequentially to $298 million in the first quarter. Growth was partially offset by lower average interest rates, the company said. Cryptocurrencies rallied earlier this year when crypto-friendly President Donald Trump took office. He quickly replaced key agency heads with crypto-friendly people. The Securities and Exchange Commission closed investigations and cases into a slew of crypto companies. Then the news of global tariffs have begun impacting crypto as well as other asset classes. More recently, though, bellwether Bitcoin has recovered much for its value lost during the dip. 'In the first half of April, it was still pretty weak, but over the last few weeks, it's started to come back,' Owen Lau, an analyst at Oppenheirmer & Co. Inc., said of the crypto market in an interview ahead of the earnings. 'April is still slightly up from March.' US Border Towns Are Being Ravaged by Canada's Furious Boycott Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem Maybe AI Slop Is Killing the Internet, After All Made-in-USA Wheelbarrows Promoted by Trump Are Now Made in China Inside the Dizzying Chaos of Running a Freight Business Under Trump ©2025 Bloomberg L.P.
