Mizuho Securities Cuts Price Target for MSTR, COIN, HOOD Stocks

Mizuho Securities has revised its price targets for three prominent crypto stocks, including Strategy (MSTR), Coinbase Global (COIN), and Robinhood Markets (HOOD), on Tuesday. The move comes as the companies reported disappointing Q4 earnings, intense volatility in the crypto market, and a bleak outlook amid the bear market.

Mizuho Securities Slashes MSTR Stock Price Target

Wall Street analyst Dan Dolev of Mizuho Securities maintained a ‘buy’ rating on MSTR stock. However, he slashed the 12-month price target from $403 to $320, a more than 20% reduction.

The downward revision comes as Strategy reported a net loss of $12.4 billion and an unrealized loss of $17.4 billion on its digital assets in Q4 financial results. Michael Saylor confirmed plans to continue buying BTC despite sharp declines in Bitcoin price.

Mizuho analyst cited Bitcoin’s macro and geopolitical headwinds and uncertainty about its short-term performance for lowering price target.

Today, Strategy announced acquiring 2,486 BTC for $168.4 million last week. The company holds 717,131 BTC acquired for $54.52 billion. This makes Strategy sit on $6 billion in unrealized loss, as the total BTC holdings is worth $48 billion at the current market price.

MSTR stock tumbled more than 5.45% today, currently trading at $126.57. Bitcoin treasury’s stock has plunged nearly 20% YTD.

COIN Stock Target Lowered After Weak Earnings Report

Cryptocurrency exchange Coinbase’s COIN stock price target is also lowered from $280 to $170, while reiterating a ‘hold’ recommendation.

Mizuho pointed to disappointing Q4 financial results, with a net loss of $666.7 million. Coinbase’s revenue and earnings per share (EPS) missed analyst expectations. A bleak crypto market outlook and persistent pressure on Bitcoin could keep trading volumes on the exchange lower.

CEO Brian Armstrong’s sale of his shareholdings and delays in the CLARITY Act will also weigh on COIN stock performance in the short term. Today, the stock is trading 0.20% higher at $164.65.

Robinhood (HOOD) Stock Price Target Trimmed

Mizuho Securities cut its price target on HOOD stock from $172 to $135, while retaining an ‘outperform’ rating. This reflects broader caution in the stocks and crypto space, though the firm highlighted Robinhood’s strengths in user engagement and new opportunities compared to Coinbase.

Recently, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $130 price target despite Robinhood Q4 revenue miss. In contrast, Goldman Sachs lowered its price target on HOOD stock from $152 to $130 but kept a “buy” rating on the stock.

HOOD stock is trading 2.25% lower at $74.26 on Tuesday. The stock has dropped almost 36% YTD.