Analyst revamps MicroStrategy, Coinbase, Robinhood ratings
Cantor Fitzgerald just made a notable move that might have slipped under the radar for some casual market watchers.
The firm turned bullish on three of the most closely watched crypto-linked stocks, namely Coinbase (NASDAQ: COIN), MicroStrategy (NASDAQ: MSTR), and Robinhood (NASDAQ: HOOD).
According to TipRanks, Cantor Fitzgerald’s Ramsey El-Assal believes each name is positioned to benefit as crypto adoption steadily moves from the fringes into the financial mainstream.
What stood out wasn’t just the ratings; it was the framing. This wasn’t about short-term hype or a sudden risk-on trade. It was a longer-term bet on how digital finance infrastructure is evolving.
Related: Michael Saylor reveals ‘greatest risk’ to Bitcoin
Coinbase is a crypto trading exchange that has continued to remain the largest in its category in the United States.
Cantor Fitzgerald gave Coinbase an “Overweight” rating and a $277 price target, implying roughly 30% upside from current levels.
El-Assal’s core thesis is that Coinbase is no longer just a place to trade crypto. Instead, he sees it evolving into what he calls an “Everything Exchange.”
Trading volumes still drive the bulk of revenue, but the analyst highlighted Coinbase’s fast-growing subscription and services business, which includes staking, custody and blockchain infrastructure services.
Over time, that mix could help smooth earnings and reduce reliance on volatile trading cycles.
Scale also matters here. Coinbase’s brand recognition and institutional trust give it an advantage as both retail users and large financial players deepen their engagement with crypto.
At press time, Coinbase shares were down 0.30% at $210.19, with the stock down 11.14% year-to-date and 25.42% over the past year.
Strategy, earlier MicroStrategy, is the largest Bitcoin treasury company. It holds 712,647 BTC on its balance sheet.
Cantor Fitzgerald also gave Strategy an “Overweight” rating and a $213 price target, pointing to about 33% upside.
El-Assal described Strategy as one of the most direct long-term plays on Bitcoin adoption in public markets. While its legacy software business has taken a back seat, the analyst noted that even a modest turnaround could generate cash flow to support additional Bitcoin purchases.
That thesis was reinforced by Strategy’s latest disclosure. The company revealed it bought 2,932 bitcoin for roughly $264 million, at an average price of $90,061 per coin.
Over the past year, MSTR shares are down 51.49%, though the stock is up 3.70% year-to-date. At press time, it was trading 0.86% higher at $162.98.
Robinhood is an e-trading platform that has become popular due to its crypto and tokenized stock offerings.
The broker rounded out Cantor’s bullish trio, earning an “Overweight” rating and a $130 price target, reflecting 23% upside.
El-Assal pointed to Robinhood’s consistent product rollout and execution, along with its younger user base, as key advantages.
As those users age and their financial needs expand, the analyst sees an opportunity for Robinhood to capture greater wallet share across investing, trading, and digital assets.
Cantor also flagged valuation as a positive, arguing that Robinhood’s current pricing doesn’t fully reflect its long-term growth potential.
At press time, HOOD shares were down 1.17% at $104. The stock is down 9.39% year-to-date, but still up an eye-catching 111.33% over the past year.
Related: Cathie Wood makes her first crypto trade of 2026
This story was originally published by TheStreet on Jan 28, 2026, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
