The broker downgraded Northern Data to hold from buy and lowered its price target to 15 euros from 27 euros.
Transaction revenue hit $1.05 billion, but price targets range from $266 to $510 as Wall Street debates whether growth can outpace rising costs.
The investment bank reversed its bearish call on Coinbase, citing renewed crypto momentum and potential U.S. regulatory breakthroughs.
The investment bank upgraded the stock to buy from neutral and set a new price target of $25.
Analysts from the banking giant upgraded Coinbase to overweight from neutral and raised its price target on the stock to $404 from $342.
The bank initiated coverage of the stock with a market outperform rating and a $50 price target.
"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run," said analyst Brett Knoblauch.
The bank's analysts started coverage of crypto exchange OSL with a buy/high risk rating and a HK$21.80 price objective
Though liking the long-term prospects for the Winklevoss-led company, KBW placed a market perform rating on the stock, expecting GEMI to remain unprofitable for the time being.
The newly public blockchain lender earns praise for market share in tokenized credit, but concerns remain over scaling and regulation.
The broker's $54 price target suggests 35% upside from Friday's $40 close.
Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.
The bank assumed coverage of the crypto exchange with a market perform rating and a $55 price target.
The company has sold non-core units to streamline into a blockchain-native payments platform, said Clear Street.
Under the firm's new CEO Akshay Naheta, Bakkt has shed its custody arm and is selling off its legacy loyalty business, the report said.
The crypto exchange received two buys, one market-perform, and one neutral rating from Wall Street analysts.
The bank updated its miner estimates to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price.
The deal, however, appears to be a "one-off," and unlikely to be replicated.
The firm's analysts expect shareholder approval for the transaction, with no indication of delays to the closing timeline.
Semler trades at a steep discount compared to bitcoin treasury peers, the report said.
Citi's $243 price target suggests roughly 34% upside from last night's close just above $181.
The Wall Street bank started coverage of the stablecoin issuer with an underweight rating and a $80 price target.
Analyst Mark Palmer sees about 50% upside for the shares.
Cantor initiated coverage of SOL treasury companies DFDV, UPXI and HODL with an 'overweight' rating.
Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.
The broker initiated coverage of the crypto exchange with a buy rating and a $252 price target.
The broker initiated coverage of the crypto exchange with an overweight rating and a $245 price target.
XRP is uniquely positioned at the heart of of cross-border payments, the report said.
The broker initiated coverage of Coinbase shares with $310 price target and outperform rating.
Bitcoin Miner IREN Upgraded to Overweight, Cipher Mining Cut to Neutral: JPMorgan