This Analyst Turns More Conservative On Crypto Stock Valuations, But Says Buy The Dip In COIN, MSTR, HOOD

Cantor Fitzgerald turned more conservative on crypto stock valuations for COIN, MSTR, and HOOD.

The firm reduced price targets for Coinbase, MicroStrategy, and Robinhood.

Reduced targets were due to modified valuation assumptions, not a longer-term outlook change.

Cantor Fitzgerald remained favorable on all three names and suggested buying the dip.