Cantor Fitzgerald Raises Price Targets for Mstr, Hood, and Block Despite Stock Declines

Gate News message, April 22 — On April 21, Cantor Fitzgerald analyst Ramsey El-Assal maintained an “Overweight” rating on MicroStrategy (NASDAQ: MSTR), Robinhood Markets (NASDAQ: HOOD), and Block (NYSE: SQ), while raising their price targets. Despite the upgrades, all three stocks declined on the day, reflecting broader market weakness and geopolitical uncertainty.

El-Assal raised MSTR’s price target from $192 to $212, HOOD’s from $95 to $110, and SQ’s from $78 to $88. The analyst noted that the market is treating Q1 earnings reports as “rearview mirror data,” with attention shifting to forward-looking growth drivers such as predictive markets and tokenization.

MSTR, HOOD, and SQ closed down 2.78%, 4%, and 2%, respectively, on the day. Circle Internet Group (NYSE: CRCL) also declined 4.6% to close near $97, valuing the company at approximately $24 billion. CRCL has rebounded roughly 95% from its 52-week low of $49.90 set on February 5. The company is expected to report Q1 2026 earnings on May 11, with Q2 revenue consensus estimates around $718 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Etherealize Sets Long-Term ETH Price Target at $250K, Down from Prior $740K Forecast

Gate News message, April 22 — Etherealize, the institutional marketing and product division of the Ethereum ecosystem, has set a long-term price target for ETH at $250,000 per token, a significant downward revision from its previous target of $740,000 announced last year. The report did not

GateNews1h ago

Bitmine adds additional collateral of 61,232 ETH. Tom Lee: The crypto winter is about to end

The cryptocurrency asset management company Bitmine once again added 61,232 ETH (about $142 million) to its staking on April 22, bringing its total staked ETH holdings to 3,395,869 ETH, with a total market value nearing $7.9 billion. Bitmine chairman Tom Lee said that Ethereum is in the final stage of a “mini crypto winter,” and that multiple signs point to a recovery that is about to come.

MarketWhisper1h ago

BUY ALTCOINS NOW” — Altseason Index Signals Massive Pump Ahead, But Are These 4 Coins Worth the Risk?

The Altseason Index shows a compression pattern that often precedes strong market expansion. XRP reflects stability, while Aptos and Sui show higher growth but increased volatility. Pi remains speculative due to unclear liquidity and limited exchange presence. The altcoin market is

CryptoNewsLand3h ago

Etherealize Raises ETH Long-Term Price Target to $250,000

Gate News message, April 21 — Etherealize released a new report raising Ethereum's (ETH) long-term price target to $250,000. The forecast is based on the assumption that ETH could capture a "monetary premium" similar to gold and Bitcoin, securing a position in the approximately $31 trillion value st

GateNews4h ago

ADA Price Outlook as Cardano Lands LSE Tokenized Deal

Key Insights Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets. ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l

CryptoNewsLand7h ago

ETH Liquidation Cascade: $1.166B Short Squeeze at $2,420; $827M Long Liquidations Below $2,197

Coinglass data suggest ETH breaking above $2,420 could trigger $1.166B in short liquidations across major centralized exchanges, while a drop below $2,197 could total $827M in long liquidations.

GateNews8h ago
Comment
0/400
No comments