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Top analyst has a surprising pick between Coinbase and Robinhood
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.
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 (Nasdaq: COIN), meanwhile, disappointed. The exchange giant — once the default crypto on-ramp — posted EPS of just $0.12 in Q2, far short of the $1.25 consensus. Trading volumes fell 40% from Q1 as retail activity dried up, especially outside of Bitcoin.
Siegenthaler cut his COIN price target from $383 to $369 and maintained a “Hold” rating, reflecting concerns over its dependency on volatile altcoin volumes. COIN shares tanked over 12% on earnings day.
Robinhood is a commission-free trading app that lets users buy and sell cryptocurrencies like Bitcoin, Ethereum, and Dogecoin alongside stocks. Its easy interface and low barriers have made it popular with retail crypto traders. Recently, it’s been expanding its crypto offerings and even testing tokenized stocks internationally.
Coinbase is a dedicated cryptocurrency exchange founded in 2012 that allows users to trade hundreds of digital assets. It’s known for its secure wallet, institutional services, and regulatory compliance in the U.S. Coinbase is often seen as the go-to platform for serious crypto investors and institutions.
This article has been published in thestreet.com via Yahoo News.
