BofA Raises Coinbase Price Target to $203 From $174, Robinhood to $156 From $140; Cuts eToro to $39

Bank of America raised its price targets on Coinbase (COIN) and Robinhood (HOOD) ahead of their third-quarter earnings reports, while lowering its target on eToro (ETOR).

Crowdfund Insider reported on October 12 that BofA analyst Craig Siegenthaler raised his price target on Robinhood to $156 from $140 and maintained a buy rating.

He also lifted Coinbase's price target to $203 from $174 and kept a buy rating. By contrast, he cut eToro's target to $39 from $46 and maintained a neutral rating.

The market expects Robinhood to post third-quarter earnings per share of $0.64 on revenue of about $1.4 billion. Robinhood has topped EPS estimates in each of the past 11 quarters.

Coinbase is forecast to report a third-quarter loss of $0.20 a share on revenue of about $1.77 billion. The company missed market expectations in each of the previous three quarters.

BofA's view reflects potential improvement in Coinbase's stablecoin-related revenue, Crowdfund Insider said. Even so, the bank lowered its near-term trading-volume outlook despite gains in Bitcoin and Ether prices.

EToro is expected to post third-quarter EPS of $0.40 on revenue of about $203 million. BofA lowered its 2026-2028 earnings forecasts after concluding that contributions from stock, commodities and foreign-exchange trading will be weaker than expected. Improvement in crypto trading was seen as a partial offset.