NFT Stocks

Robinhood has achieved significant growth, with a 65% stock increase since October 5th, driven by profitability and expansion into new product lines. The company's Q3 revenue rose 36% YoY to $637 million, with notable increases in Average Revenue Per User and Gold Subscribers. Recent acquisitions and product launches, including TradePMR and new crypto offerings, position Robinhood as a more holistic financial services provider.

Coinbase Global (COIN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Coinbase Global (COIN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Robinhood stock price has been in a strong bull run since 2023, helped by the strong performance of American equities and cryptocurrencies. The HOOD share price peaked at $39.70, its highest level since October 2021, giving it a market cap of over $33 billion.

GRAPEVINE, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it will report third quarter fiscal 2024 results after the market closes on Tuesday, December 10, 2024.

Growing sentiment on Stocktwits that ‘a new squeeze is building'

Coinbase, Robinhood Markets and Interactive Brokers are included in this Analyst Blog.

SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the "Preferred Shares Financing"), raising total gross proceeds of US$30 million.  On November 19, 2024, the Company entered into a securities purchase agreement ("Securities Purchase Agreement") with an institutional investor (the "Buyer"), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the "Preferred Shares") at the price of US$1,000.00 for each Preferred Share.

Shares in Robinhood Markets (HOOD) will likely remain on investors' radar screens Tuesday after Morgan Stanley upgraded the stock and significantly raised its price target, saying that the company sits well-positioned to benefit from the outcome of the U.S. presidential election.