Cantor Fitzgerald raises price targets for Strategy, Robinhood, and Block, but crypto-related stocks fall against the trend
According to ChainCatcher, citing BBX data, yesterday Cantor Fitzgerald simultaneously raised price targets for several crypto-related stocks, but their share prices generally remained under pressure. The main developments are as follows:
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On April 21, Cantor Fitzgerald analyst Ramsey El-Assal released a research report maintaining an "Overweight" rating on Strategy, Inc. (NASDAQ: $MSTR), Robinhood Markets, Inc. (NASDAQ: $HOOD), and Block, Inc. (NYSE: $XYZ), and raised their respective price targets to $212 (from $192), $110 (from $95), and $88 (from $78). El-Assal noted that the market is treating Q1 earnings as "rearview mirror data" and is turning its attention to forward-looking growth drivers such as prediction markets and tokenization. Despite the collective price target hikes, the three stocks still closed down by about 2.78%, 4%, and 2% respectively yesterday, reflecting the dual impact of subdued macro sentiment and geopolitical uncertainty.
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Circle Internet Group, Inc. (NYSE: $CRCL) closed at around $97 yesterday (April 21), with a daily decline of about 4.6%, corresponding to a market capitalization of approximately $24 billion. The stock's 52-week low was $49.90 (on February 5), and it has now rebounded about 95% from that low. The Q1 2026 earnings report is expected to be released on May 11, and Q2 revenue consensus is around $718 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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