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Key Factors
Each COIN and HOOD are common amongst institutional and retail buyers, displaying robust potential for additional features.
Coinbase International is up 33% YTD, breaking out of a bullish wedge and testing its 50-day SMA.
Robinhood Markets is up 55% YTD, consolidating close to its 52-week excessive and above key shifting averages.
5 shares we like higher than Robinhood Markets
Shares of Coinbase International NASDAQ: COIN and Robinhood Markets NASDAQ: HOOD are capturing vital consideration. Each shares show promising technical patterns indicative of potential breakouts. 
Let’s delve into the present setup for these two retail favorites and discover why they may be poised for additional upside, alongside a snapshot of key fundamentals.Get Robinhood Markets alerts:Signal Up
Coinbase International: Breaking Out of the Downtrend
$237.65 +18.79 (+8.59%) (As of 05/24/2024 ET)52-Week Vary$46.43▼$283.48P/E Ratio47.44Price Goal$214.67Coinbase International, a number one cryptocurrency alternate, has been on a powerful upward trajectory, with shares surging 33% year-to-date. The corporate reported stellar earnings on February 15, 2024, posting $1.04 earnings per share (EPS), considerably surpassing the consensus estimate of ($0.09). This spectacular beat was supported by a 51.6% year-over-year improve in income, reaching $953.80 million, nicely above the forecasted $826.10 million.
Regardless of the optimistic earnings and up to date bullish momentum within the inventory, Coinbase presently holds a “maintain” ranking from analysts based mostly on 20 rankings, with a consensus worth goal suggesting a slight draw back. Nonetheless, the technical evaluation tells a unique story. The inventory not too long ago broke out of a bullish wedge downtrend and is now testing its 50-day Easy Shifting Common (SMA). Reclaiming and sustaining ranges above this important zone may sign a confirmed breakout, doubtlessly resulting in substantial features.
The corporate’s robust monetary efficiency and the technical breakout make Coinbase a compelling candidate for continued progress within the close to time period. The present market dynamics and the growing institutional curiosity in cryptocurrencies additional bolster its prospects.

Robinhood Markets: Hovering Close to 52-Week Highs
HOODRobinhood Markets$20.51 +1.27 (+6.60%) (As of 05/24/2024 ET)52-Week Vary$7.91▼$21.21P/E Ratio136.73Price Goal$19.75Robinhood Markets has additionally been on a tear this 12 months, with its replenish a powerful 55% year-to-date. On Might 8, 2024, the corporate reported its earnings, revealing $0.18 EPS for the quarter, surpassing the consensus estimate of $0.05. Robinhood’s income soared to $618 million, a 40.1% improve in comparison with final 12 months’s quarter, beating the anticipated $552.74 million.Analysts have a “maintain” ranking on Robinhood based mostly on 15 rankings, with a consensus worth goal that aligns carefully with its present buying and selling stage. Nonetheless, the technical image is notably bullish. The inventory is trending above all main shifting averages and is consolidating close to its 52-week excessive, simply 6% away. This consolidation above rising key shifting averages means that Robinhood is constructing a strong base, positioning itself for a possible breakout to new highs.

Institutional and Retail Sentiment
Each Coinbase and Robinhood have substantial institutional backing and stay common amongst retail buyers. HOOD, a favourite platform for retail merchants and a inventory to personal, has a powerful 93.27% institutional possession. Equally, COIN, a inventory common amongst the retail crowd, additionally has nearly 70% institutional possession. The robust year-to-date efficiency of each shares signifies sturdy market confidence. Moreover, the technical patterns noticed in each shares are sometimes precursors to vital upward actions.
Prepared for the Subsequent Leg Greater?

Buyers will wish to preserve an in depth eye on these technical ranges: For Coinbase, sustaining above the 50-day SMA can be essential, whereas for Robinhood, breaking above the consolidation close to its 52-week excessive may set off the subsequent leg greater. Given their elementary strengths and technical setups, each shares seem poised to ship potential additional features.Earlier than you contemplate Robinhood Markets, you will wish to hear this.MarketBeat retains monitor of Wall Road’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Robinhood Markets wasn’t on the record.Whereas Robinhood Markets presently has a “Maintain” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.View The 5 Shares Right here Click on the hyperlink beneath and we’ll ship you MarketBeat’s record of seven finest retirement shares and why they need to be in your portfolio. Get This Free Report

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