Cathie Wood holds Coinbase Global and Robinhood Markets, analysts project strong growth for both.

From Nasdaq Corporation

September 11, 2024 7:13:33 pm:

Cathie Wood, known for bold bets on disruptive technologies, holds Coinbase Global and Robinhood Markets in her investment portfolio. Barclays’ upgrade to “Equal Weight” suggests a positive outlook. Coinbase’s Q2 earnings show $1.5 billion revenue, reflecting a 104.8% YoY increase. Analysts project Coinbase’s bottom line at $4.28 per share in 2024, a 422% jump.

Robinhood Markets disrupted online brokerage with its no-fee model. After Q2 earnings beat estimates, shares rose. Recent acquisitions position Robinhood for growth in crypto and AI investing sectors. Analysts forecast a profit of $0.76 per share in fiscal 2024. Analyst Benjamin Budish predicts potential growth from new products and international expansion.

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