Cantor Fitzgerald has increased target prices for several crypto-related stocks, including MicroStrategy (MSTR), Robinhood (HOOD), and Block (XYZ), despite ongoing market pressures. Analyst Ramsey El-Assal maintained an "Overweight" rating for these stocks, raising their target prices to $212, $110, and $88, respectively. The adjustments reflect a focus on future growth drivers like predictive markets and tokenization.
Despite the target price hikes, MSTR, HOOD, and XYZ saw declines of approximately 2.78%, 4%, and 2% respectively, influenced by broader macroeconomic and geopolitical uncertainties. Additionally, Circle Internet Group (CRCL) closed down 4.6% at $97, with its market cap at $24 billion. The company has rebounded 95% from its 52-week low, with Q1 earnings expected on May 11.
Cantor Fitzgerald Raises Target Prices for MSTR, HOOD, XYZ Amid Market Pressure
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