Latest news with #JamesYaro
Yahoo
01-07-2025
- Business
- Yahoo
Circle (CRCL) Shares Could Crash 54% After Soaring Post-IPO
July 1 - Goldman Sachs has given Circle Internet (NYSE:CRCL) a "Hold" rating with a $83 price target, implying more than 54% downside from current levels. Analyst James Yaro notes that Circle's 484% share price surge since its IPO has pushed its valuation to an elevated level. He believes the company's growth prospects remain intact but prefers to stay on the sidelines until the stock aligns more closely with fundamentals. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Circle is seeking to strengthen its U.S. dollarpegged stablecoin infrastructure by applying to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, this would allow Circle to custody its own reserves and hold crypto assets on behalf of institutional clients. As the sole issuer of USD Coin, the world's second?largest stablecoin, Circle may benefit from broader stablecoin adoption and regulatory clarity. The firm is also forging partnerships in programmable payment interfaces and on?chain treasury solutions, moves that could bolster its fee?based revenue. Despite these initiatives, Goldman Sachs sees limited near?term upside for the stock. A clearer regulatory framework and stronger valuation alignment may be needed before investors return in force. This article first appeared on GuruFocus.
Yahoo
01-07-2025
- Business
- Yahoo
Circle (CRCL) Shares Could Crash 54% After Soaring Post-IPO
July 1 - Goldman Sachs has given Circle Internet (NYSE:CRCL) a "Hold" rating with a $83 price target, implying more than 54% downside from current levels. Analyst James Yaro notes that Circle's 484% share price surge since its IPO has pushed its valuation to an elevated level. He believes the company's growth prospects remain intact but prefers to stay on the sidelines until the stock aligns more closely with fundamentals. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Circle is seeking to strengthen its U.S. dollarpegged stablecoin infrastructure by applying to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, this would allow Circle to custody its own reserves and hold crypto assets on behalf of institutional clients. As the sole issuer of USD Coin, the world's second?largest stablecoin, Circle may benefit from broader stablecoin adoption and regulatory clarity. The firm is also forging partnerships in programmable payment interfaces and on?chain treasury solutions, moves that could bolster its fee?based revenue. Despite these initiatives, Goldman Sachs sees limited near?term upside for the stock. A clearer regulatory framework and stronger valuation alignment may be needed before investors return in force. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
12-06-2025
- Business
- Business Insider
Robinhood price target raised to $82 from $81 at Goldman Sachs
Goldman Sachs analyst James Yaro raised the firm's price target on Robinhood (HOOD) to $82 from $81 and keeps a Buy rating on the shares after the company reported its complete May monthly metrics. The final data saw trading volumes even stronger than preliminary results, while the company also saw continued growth of total platform assets, the analyst tells investors in a research note. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
CNBC
09-06-2025
- Business
- CNBC
Wall Street loves this recent IPO with one analyst calling it the ‘social network trading platform'
Wall Street is extremely bullish on stock trading platform eToro , with analysts estimating the stock could rise between 11% and 24% from here. Israel-based eToro went public on May 15 , with its initial public offering price at $52 per share, above the high end of its proposed range. The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. Shares surged more than 5% on Monday to hit a fresh 52-week high. The overwhelming positive sentiment from Wall Street has rewarded the company's decision to go public after a lengthy dry spell for IPOs. "We felt that we're seeing the light at the end of the tunnel of the correction in the markets," CEO Yoni Assia said in an interview with CNBC. Here's what analysts at some of the biggest shops on Wall Street had to say on the IPO. Goldman Sachs initiates coverage at buy rating and 12-month price target of $76 per share Analyst James Yaro's target implies nearly 11% upside from eToro's Friday closing price of $68.70 per share. "We see ETOR as an attractive market share gain story in the fragmented European retail brokerage market, driven by a differentiated offering vs. peers, in terms of: 1) its geographic and product breadth (a pan-European client base that can trade global unlevered and levered equities, currencies, commodities, and crypto); 2) a tech-enabled offering; and 3) CopyTrader, which is both a loss mitigation tool, and a tool to facilitate social trading, which many younger investors want — these combined factors have driven ~5.5pp of share gains since 2019." Canaccord Genuity initiates coverage at buy rating, $78 per share price target Canaccord Genuity's target calls for almost 14% upside going forward. "We view eToro as a clear share gainer in retail trading/investing. We also believe the short to medium term here is ripe with catalysts, including a big push into the US market, and the potential for crypto to move more towards becoming a mainstream asset class." Needham initiates coverage of eToro as a buy, sets price target of $80 per share The investment firm called eToro "the social network trading platform," while its price target is 16% above the stock's Friday closing price. "We believe eToro's strength is in its 'social trading aspect' which is driving higher monetization per funded account. We see an opportunity to grow funded accounts by converting registered users, and through new expansion opportunities in Asia and U.S." Jefferies sets buy rating, $80 per share price target "eToro is well-positioned to benefit from the growing adoption of retail investing globally. With leading retail market share in markets like the EU and UK, combined with a differentiated product offering and distinguished brand, we believe eToro is uniquely positioned to continue to grow its account base organically at +10% y/y." Mizuho initiates coverage at outperform rating and $80 per share price target "With 3.5mn funded accounts across a global footprint of 75 countries, ETOR focuses on disrupting legacy institutions both globally and in the U.S. by providing both investing tools and learning resources. Key medium-term catalysts include: growing retail participation in Europe (~70% of ETOR revenue); Gen Z is beginning to trade earlier in life than prior generations and has an affinity for viral social trading apps like ETOR; a pending, estimated $80tn generational wealth transfer; and opportunity to grow in the U.S. and Asia, where retail trading is popular. ETOR enjoys several key competitive advantages. It has a set of viral features like social trading (use of influences), copy trading (mimics successful investor portfolios), and AI-driven smart portfolios offering retail investors thematic/strategy-based trading." TD Cowen initiates coverage at buy rating, $80 price target "We see ETOR as an attractive play on the global rise of retail and crypto adoption, strong [revenue per user], ad spend [return on investment] + client [margin on client assets] metrics. While low float may make ETOR bumpy, we see favorable catalysts ahead." Cantor Fitzgerald initiates coverage at overweight and price target of $84 per share Analyst Brett Knoblauch's target equates to 22% upside. "We have ETOR trading at 26.5x 2025 P/E, which we believe is a reasonable entry point for a business that we believe can compound earnings at a 15% [compound annual growth rate] over the next two years, with the potential for upside coming from our relatively conservative revenue growth expectations (8.8% CAGR). Combining ETOR's valuation, numerous growth vectors (new markets, greater market share, generational wealth transfer, and new products), we believe risk/reward at current levels to be favorable." Citizens sets market outperform rating and $85 per share price target "The company is scaling its core offerings and exploring new financial services through organic growth and potential M & A. With a compelling valuation and untapped market opportunities, we believe eToro is well-positioned to capture share of the expanding retail investing market." — CNBC's Michael Bloom contributed to this report.
Business Insider
09-06-2025
- Business
- Business Insider
eToro initiated with a Buy at Goldman Sachs
Goldman Sachs analyst James Yaro initiated coverage of eToro (ETOR) with a Buy rating and $76 price target implying 21% upside. The firm sees eToro as an attractive market share gain story in the 'fragmented' European retail brokerage market. The company has a 'differentiated' offering verses peers, in terms of geographic and product breadth, the analyst tells investors in a research note. Goldman believes CopyTrader is both a loss mitigation tool and a tool to facilitate social trading, 'which many younger investors want.' Confident Investing Starts Here:
