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Wall Street Unable To Understand Coinbase? Brian Armstrong Says Crypto Platform Is Also Underestimated: 'The Laggards Are Going To Be Left Behind'
Benzinga· 2026-02-18 07:11
Group 1 - Coinbase CEO Brian Armstrong stated that the company is "misunderstood" on Wall Street, with traditional finance players divided between embracing and resisting cryptocurrency [1][2] - Armstrong compared the skepticism towards cryptocurrency to how taxi companies viewed ridesharing models, suggesting that traditional finance professionals see crypto as a threat to their established careers [1][2] - He emphasized that Coinbase is not yet a consensus view among traditional analysts and encouraged focusing on the company's actions and track record rather than analyst models [2] Group 2 - Coinbase's fourth-quarter revenue for 2025 was reported at $1.78 billion, which missed analyst estimates, while the EPS was strong at $0.66, beating forecasts [3] - The full-year revenue for Coinbase reached $7.2 billion, marking a 9% increase from the previous year [3] - The stock has a consensus price target of $314.94 from 29 analysts, with an average price target of $194, indicating a potential upside of about 17.23% [3] Group 3 - Armstrong accused banks of stifling competition and called for lawmakers to create a "level playing field" through legislation [4] - Coinbase shares experienced a decline of 0.32% in after-hours trading, following a 1.03% increase during the regular trading session, closing at $166.02 [4] - The stock maintains a weaker price trend in the short, medium, and long term, with an average Value ranking according to Benzinga's Edge Stock Rankings [4]
urban-gro (UGRO) Stock Surges Nearly 78% After Hours — Here's Why - Urban-gro (NASDAQ:UGRO)
Benzinga· 2026-02-18 06:54
urban-gro Inc. (NASDAQ:UGRO) jumped 77.71% in after-hours trading to $5.74 on Tuesday following the company’s announcement that it completed its merger with U.S.-based Flash Sports and Media, Inc.The stock closed regular session down 10.03% at $3.23, according to Benzinga Pro data.Here’s How the Merger Deal Is StructuredOn Tuesday, the Colorado-based company acquired 100% of Flash’s outstanding shares. Under the terms of the deal, Flash shareholders will receive a capped amount of unregistered Common Stock ...
Top Wall Street Forecasters Revamp Garmin Expectations Ahead Of Q4 Earnings - Garmin (NYSE:GRMN)
Benzinga· 2026-02-18 06:52
Garmin Ltd. (NASDAQ:GRMN) will release earnings for its fourth quarter before the opening bell on Wednesday, Feb. 18.Analysts expect the Schaffhausen, Switzerland-based company to report quarterly earnings at $2.39 per share. That's down from $2.41 per share in the year-ago period. The consensus estimate for Moody’s quarterly revenue is $2.01 billion (it reported $1.82 billion last year), according to Benzinga Pro.On Oct. 29, the company reported third-quarter revenue growth of 12% year-on-year to $1.77 bil ...
Top Wall Street Forecasters Revamp Garmin Expectations Ahead Of Q4 Earnings
Benzinga· 2026-02-18 06:52
Garmin Ltd. (NASDAQ:GRMN) will release earnings for its fourth quarter before the opening bell on Wednesday, Feb. 18.Analysts expect the Schaffhausen, Switzerland-based company to report quarterly earnings at $2.39 per share. That's down from $2.41 per share in the year-ago period. The consensus estimate for Moody’s quarterly revenue is $2.01 billion (it reported $1.82 billion last year), according to Benzinga Pro.On Oct. 29, the company reported third-quarter revenue growth of 12% year-on-year to $1.77 bil ...
S&P 500 Edges Higher: Investor Fear Eases Slightly, Greed Index Remains In 'Fear' Zone
Benzinga· 2026-02-18 06:50
Market Overview - The CNN Money Fear and Greed index showed some easing in the overall fear level, remaining in the "Fear" zone with a current reading of 37.3, up from 36.1 [4] - U.S. stocks settled slightly higher on Tuesday, with the S&P 500 gaining around 0.1% during the session [1] - All major indices recorded losses last week, with the S&P 500 falling 1.4%, the Dow declining 1.2%, and the Nasdaq experiencing a weekly loss of 2.1% [1] Economic Data - The NY Empire State Manufacturing Index declined to 7.1 in February, down from 7.7 in the previous month and below market estimates of 7 [2] Sector Performance - Most sectors on the S&P 500 closed negatively, with consumer staples, energy, and materials stocks recording the biggest losses on Tuesday [2] - Real estate and financial stocks bucked the overall market trend, closing the session higher [2]
Moody's Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2026-02-18 06:41
Moody’s Corporation (NYSE:MCO) will release earnings for its fourth quarter before the opening bell on Wednesday, Feb. 18.Analysts expect the New York-based company to report quarterly earnings at $3.44 per share. That's up from $2.62 per share in the year-ago period. The consensus estimate for Moody’s quarterly revenue is $1.87 billion (it reported $1.67 billion last year), according to Benzinga Pro.On Monday, Moody’s announced that it has established a regional headquarters (RHQ) in Riyadh, Saudi Arabia.S ...
Eric Trump Celebrates American Bitcoin's 'Incredible' 6,000 BTC Milestone — But Stock Has Sunk 85% Since Nasdaq Debut
Benzinga· 2026-02-18 05:41
American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump toasted the firm’s treasury hitting the 6,000 Bitcoin (CRYPTO: BTC) milestone on Tuesday.Trump Sees ‘Exciting Days Ahead’In an X post, Trump stated that the firm hit the “incredible” milestone within six months of going public. “Today is a testament to ABTC’s execution, which has built one of the fastest-growing Public Bitcoin reserves in the world, outpacing many established players in a fraction of the time,” Trump added. “Exciting days ahead!”As ...
Tesla Reveals First Production Cybercab — Elon Musk Confirms $30,000 Price, MKBHD May Owe A Head Shave - Tesla (NASDAQ:TSLA)
Benzinga· 2026-02-18 04:42
Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has revealed the first production version of the Cybercab, which will be priced at $30,000.Tesla Rolls Of CybercabIn a post on the social media platform X on Tuesday, the automaker announced that it had produced the first unit of the Cybercab at the Gigafactory in Texas. "Congratulations to the Tesla team on making the first production Cybercab!" Musk said in a post, hailing the milestone.Elon Musk Confirms $30K Price TagHowever, Musk has seemingly confirmed that the C ...
Wolfspeed (WOLF) Stock Is Trending Overnight — Here's What You Should Know - Analog Devices (NASDAQ:ADI), Allegro Microsystems (NASDAQ:ALGM)
Benzinga· 2026-02-18 03:06
Core Viewpoint - Wolfspeed Inc. is focusing on expanding its leadership and customer base in the semiconductor industry, particularly in the EMEA region, to support growth in key markets such as AI data centers and electric vehicles [2][3]. Group 1: Leadership and Strategic Appointments - Wolfspeed appointed Stefan Steyerl as vice president of sales for the EMEA region, effective March 1, to enhance its market presence [2]. - Steyerl previously held senior roles at Analog Devices, managing global revenue exceeding $750 million, indicating his strong background in the semiconductor sector [2]. Group 2: Market Position and Performance - Wolfspeed has a market capitalization of $862.10 million, with a 52-week high of $36.60 and a low of $8.05, reflecting significant volatility [4]. - The stock has shown a remarkable 184.52% gain over the past 12 months and is currently positioned about 38.8% above its 52-week low [4]. - Piper Sandler recently reiterated an Overweight rating on Wolfspeed, raising its price target from $6 to $20, indicating positive market sentiment [4]. Group 3: Customer Base Expansion - The appointment of Steyerl is expected to broaden Wolfspeed's customer base across critical sectors, including renewable energy and industrial power systems [3]. - The company aims to leverage Steyerl's industry expertise to accelerate the transition to silicon carbide technology, which is crucial for its growth strategy [3].
Cathie Wood Buys The Dip In AMD, Ark Loads Up On Coinbase — But Scales Back On Airbnb - Advanced Micro Devices (NASDAQ:AMD)
Benzinga· 2026-02-18 02:19
Group 1: AMD and Broadcom Trades - Ark Invest executed significant trades involving Advanced Micro Devices Inc. (AMD) and Broadcom Inc. (AVGO) [1] - ARKK and ARKQ funds purchased a total of 24,205 shares of Broadcom, valued at approximately $8 million, with the stock closing at $332.54 [2] - Broadcom's recent performance has been positively impacted by Alphabet Inc.'s forecast of increased capital expenditures [2] Group 2: Coinbase Trade - Coinbase Global Inc. (COIN) is gaining market share and is viewed as a key player in the cryptocurrency economy [3] - Analysts have noted Coinbase's diversification and strategic positioning in the crypto space [3] Group 3: Airbnb Trade - Ark Invest reduced its holdings in Airbnb Inc. (ABNB), selling a total of 15,711 shares through its ARKF and ARKK funds, valued at approximately $2 million with the stock closing at $124.23 [4] - Airbnb's stock has been rising following positive earnings and analyst revisions, despite missing EPS expectations [4] Group 4: Additional Insights on AMD - AMD stock has a Momentum in the 89th percentile and Value in the 10th percentile according to Benzinga Edge Stock Rankings [5]