Top analyst has a surprising pick between Coinbase and Robinhood

The Street Crypto
The Street Crypto
DOGE+1.87%
BTC+0.82%
ETH-1.47%

A top Bank of America analyst has picked a surprising winner in the battle of U.S. crypto exchanges — and it’s not Coinbase.

Craig Siegenthaler, one of Wall Street’s most-followed analysts, raised his price target for Robinhood (Nasdaq: HOOD) to $119 while keeping a “Buy” rating. His reasoning is Robinhood’s crypto revenues are exploding, and the platform continues to beat expectations across the board.

Robinhood’s Q2 2025 earnings revealed a 45% jump in total net revenue year-over-year to $989 million, with crypto transaction revenue up 98% to $160 million. The company’s app also recorded $28 billion in crypto notional trading volume — up 32% from last year.

Join the discussion with Scott Melker on Roundtable here.

Overall net income surged 105% to $386 million, and diluted EPS doubled to $0.42 — all of which pushed Robinhood’s total platform assets to $279 billion, up 99% from the same time last year.

Coinbase...

Visit source
11.57K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.