Coinbase shares jumped on Wednesday after brokerage Bernstein raised its price target on the stock to $510, the highest among Wall Street analysts, pointing to the company's unmatched breadth across trading, custody, stablecoins, and blockchain infrastructure. The shares were up by 5.8% at $365, the highest since 2021, after rising 12% in the previous session.
Coinbase stock price rose to a crucial resistance level as the crypto market bounced back after the ceasefire between Israel and Iran. It jumped to the psychological point at $350, its highest level on December 2, and 145% above the lowest point this year.
Since going public earlier this month, shares of Circle Internet Group (CRCL -14.49%) have rocketed by more than 600% (as of June 24). While initial public offerings (IPOs) tend to fetch outsize attention, I'll admit that Circle's parabolic rise is unusual.
If you're investing in tech stocks, you probably already know a lot about the heavy hitters in the space. Companies like Apple, Microsoft, Nvidia, Amazon, Alphabet, and Meta Platforms each have market capitalizations of more than $1 trillion, and tend to dominate their markets and investors' attention.
Major U.S. equities indexes gained ground on Tuesday after President Donald Trump announced a ceasefire agreement between Iran and Israel, raising hopes for a more sustained drawdown in hostilities.
Back in late March, we power ranked our Top Stock Picks of 2025. There was some success and lessons to be drawn, but if we're being honest, this wasn't the entire story. There was red ink everywhere and combined with the looming threat of unilateral tariffs on ‘Liberation Day,' fear had grown surrounding a potential recession hitting by the time a second-quarter check-in came around.
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