Latest news with #OwenLau
Business Insider
23-05-2025
- Business
- Business Insider
Equifax (EFX) Gets a Buy from Oppenheimer
In a report released yesterday, Owen Lau from Oppenheimer maintained a Buy rating on Equifax (EFX – Research Report), with a price target of $296.00. The company's shares closed yesterday at $263.41. Confident Investing Starts Here: Lau covers the Financial sector, focusing on stocks such as Coinbase Global, SEI Investments Company, and Cboe Global Markets. According to TipRanks, Lau has an average return of 11.0% and a 70.18% success rate on recommended stocks. In addition to Oppenheimer, Equifax also received a Buy from Wells Fargo's Jason Haas CFA in a report issued on May 21. However, on May 13, Barclays maintained a Hold rating on Equifax (NYSE: EFX). The company has a one-year high of $309.63 and a one-year low of $199.98. Currently, Equifax has an average volume of 1.11M.
Yahoo
16-05-2025
- Business
- Yahoo
Why Coinbase (COIN) Stock Is Up Today
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 9.3% in the afternoon session after the company clarified that the SEC's inquiry was related to a discontinued user-metric last reported more than two and a half years ago. Coinbase's Chief Legal Officer, Paul Grewal, explained, "This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public." Some Wall Street analysts stayed positive despite the negative news, particularly in light of a cybersecurity breach disclosed the previous day. Oppenheimer analyst Owen Lau reaffirmed a Buy rating, saying the stock's negative reaction to the news was an opportunity for investors to accumulate more shares. Lau added "While we think the expected remediation cost of $180-$400M is high, we believe COIN intends to send a message that customers' funds are safe, and they will take full responsibility." Is now the time to buy Coinbase? Access our full analysis report here, it's free. Coinbase's shares are extremely volatile and have had 66 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock dropped 5% on the news that the company announced it got emails from hackers who claimed they broke into user accounts, accessed customer data, found internal documents, and took notes tied to help desk tools and account management systems. Coinbase maintained it would not pay the $20M ransom demanded by the attackers and instead offered a $20M reward for information leading to their arrest and conviction. It also clarified that the breach affected less than 1% of Monthly Transacting Users (reported at 9.7M as of 1Q25). In a regulatory filing, Coinbase estimated the total cost of the incident, including efforts to address the breach and reimburse affected customers, could range from $180 million to $400 million. The stock's reaction suggested the market was worried about the material short-term financial headwind the incident could create. However, the limited scope (affecting less than 1% of Monthly Transacting Users) of the incident and the containment measures could dampen some of these concerns. Coinbase is up 3.8% since the beginning of the year, but at $267.09 per share, it is still trading 22.3% below its 52-week high of $343.62 from December 2024. Investors who bought $1,000 worth of Coinbase's shares at the IPO in April 2021 would now be looking at an investment worth $813.60. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. 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
Yahoo
17-04-2025
- Business
- Yahoo
Coinbase Revenue, Trading Outlook Hit by Tariff Tensions: Oppenheimer
Crypto exchange Coinbase (COIN) is facing a weaker outlook as uncertainties introduced by President Donald Trump's on-and-off tariff threats cast a shadow over retail crypto activity, analysts at Oppenheimer wrote in a report. The investment bank cut its full-year trading volume forecast by 19% to $1.3 trillion and its first-quarter estimate to $380 billion, down 13% from the previous quarter as the appetite for risk declined. Despite a generally more supportive tone from Washington — with pro-crypto signals from the White House, Congress and regulators — the analysts said the market hasn't fully embraced the shift. 'Since the election, we have seen the most pro-crypto President, Administration, Congress, regulators, executive orders, and SEC statements, that are meant to signal to the world that the US is open for blockchain businesses to attract capital, projects, and talents,' analyst Owen Lau wrote. 'During the process for the public to believe in such a day-and-night move, it's unfortunate to see Trump's on-and-off again tariffs have driven bear market concern, recession fear, and pullback of retail trading,' Coinbase stock has fallen 30% this year, underperforming bitcoin (BTC) and the S&P 500, which are down 10% and 8%, respectively. While those numbers mark an improvement from the 2022 downturn — when COIN dropped 86% — they still highlight the platform's sensitivity to broader macro signals. Oppenheimer also lowered its 2025 and 2026 forecasts for revenue and earnings and cut its shares price target to $279 from $388, saying that retail participation may remain subdued during the policy uncertainty. It has an outperform rating on the shares, which fell 1.2% to $173.39 on Wednesday. One upside: market share. Coinbase accounted for 69% of U.S. spot crypto trading volume in February, gaining ground against rivals like Robinhood (HOOD). Maintaining that lead will depend on whether the market can shake off tariff jitters and regain momentum. Oppenheimer said despite the near-term hurdles, it remains optimistic about Coinbase's long-term potential. 'As a focused leader in crypto with optionality in tokenization and payments use cases, we believe COIN can command a premium. In our view, COIN is a strong rebound stock if/when tariff tensions deescalate,' Lau wrote. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
South China Morning Post
01-04-2025
- Business
- South China Morning Post
US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse
Shares of Coinbase Global and other firms linked to cryptocurrencie s were hammered this quarter, as growing concerns about the US economy weighed on digital assets. Advertisement Coinbase fell 31 per cent in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-linked stock plunged alongside it, from conglomerate Galaxy Digital Holdings to miners such as Riot Platforms and Core Scientific. Things have not been much better in cryptocurrency markets, with bitcoin tumbling more than 10 per cent and ether losing 45 per cent of its value. As US President Donald Trump escalates a global trade war, fear about what it means for the world's largest economy has sparked unease across markets. The S&P 500 Index itself closed out its worst performance since 2022 on Monday. Traders have also fled particularly quickly from risky bets, including digital assets. Advertisement 'Many people in the community understand that this is not driven by fundamental reasons,' Oppenheimer analyst Owen Lau said. 'This is mainly driven by the macro reasons because of the tariffs, potential trade war, people worried about a recession coming in.'
