The article discusses the recent performance and price targets of various crypto-related stocks. MicroStrategy saw its price target raised to $650 as it continues to invest in Bitcoin, while Coinbase's price target was increased to $358 due to increased trading volumes and the potential for improved regulations under a new SEC chair. Galaxy's price target was also increased due to its expected uplisting to the Nasdaq and its partnership with a hyperscaler. However, concerns were raised about bitcoin miner Marathon Digital's stock and its limited upside potential. The article also mentions Core Scientific, which offers hosting services to cloud provider CoreWeave, and its position as the top holding in the Amplify Transformational Data Sharing ETF. Overall, the article highlights the growing interest and investment in the crypto asset class.
- Content Editor ( blockworks.co )
- 2024-11-25
Why analysts are upping price targets for MSTR and COIN