Needham analyst John Todaro had a Buy rating on Coinbase Global, Inc (NASDAQ: COIN) with a price target of $160. Todaro had a Hold rating on Robinhood Markets, Inc (NASDAQ: HOOD).
The analyst surveyed over 20 financial and wealth advisors (RIAs), 75 Coinbase users, and over 200 individuals to determine who would buy a bitcoin ETF if approved and whether they would prefer bitcoin exposure via an ETF, bitcoin-linked stocks, trusts, or buying bitcoin directly on a crypto platform such as Coinbase and Robinhood.
Todaro's survey results indicate that RIAs currently have limited bitcoin offerings for their clients; the majority answered their current ...