Cantor Fitzgerald Raises Crypto Stock Targets Amid Market Bottom Thesis
Cantor Fitzgerald doubled its price targets for three crypto-linked stocks, citing a potential bear-market bottom by October 2026.
Cantor Fitzgerald raised price targets for three crypto-linked stocks by 100 percent or more. The firm sees the current market downturn ending by October 2026. Block stock received a Buy rating upgrade from StoneX.
Analysts Raise Targets on Crypto Plays
Cantor Fitzgerald increased the price target for Sharplink Gaming to $17. The previous target was $8.30. Forward Industries saw its target double to $16 from $8.
Bitmine Immersion Technologies received a new target of $63.60. This is a jump from the prior $30.60. The firm maintained Outperform ratings on all three tickers.
Block Upgrade Cites AI Reorganization
StoneX analyst Mark Palmer upgraded Block to Buy. He set a $105 price target. This follows a 40 percent workforce reduction announced by Jack Dorsey.
Palmer cited improved shipping velocity and a lower cost base. He described the agentic AI output as impressive. Margin improvement is a key result of the restructure.
Morgan Stanley Initiates Coinbase Coverage
Morgan Stanley started coverage on Coinbase with an Equal Weight rating. The price target is $250. The firm sees strategic value in Coinbase’s infrastructure role.
The bank notes that Coinbase earnings remain cyclical. Growth is increasingly coming from less proven businesses. Retail sentiment on Stocktwits turned bearish for the share.
