Analysts Have Conflicting Sentiments on These Financial Companies: Coinbase Global (COIN), IGM Financial (OtherIGIFF) and Rocket Companies (RKT)

Analysts have been eager to weigh in on the Financial sector with new ratings on Coinbase Global (COIN – Research Report), IGM Financial (IGIFF – Research Report) and Rocket Companies (RKT – Research Report).

Coinbase Global (COIN)

Needham analyst John Todaro reiterated a Buy rating on Coinbase Global today and set a price target of $260.00. The company’s shares closed last Thursday at $228.85.

According to TipRanks.com, Todaro is a 5-star analyst with an average return of 35.0% and a 53.7% success rate. Todaro covers the Financial sector, focusing on stocks such as Applied Digital Corporation, Marathon Digital Holdings, and Riot Platforms.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coinbase Global with a $232.62 average price target, a 7.5% upside from current levels. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $250.00 price target.

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IGM Financial (IGIFF)

In a report released today, Geoffrey Kwan from RBC Capital maintained a Hold rating on IGM Financial, with a price target of C$45.00. The company’s shares closed last Thursday at $25.91.

According to TipRanks.com, Kwan is a 5-star analyst with an average return of 6.9% and a 59.7% success rate. Kwan covers the Financial sector, focusing on stocks such as Brookfield Corporation, Equitable Group, and CI Financial.

Currently, the analyst consensus on IGM Financial is a Moderate Buy with an average price target of $30.72, which is a 20.4% upside from current levels. In a report issued on April 30, Scotiabank also maintained a Hold rating on the stock with a C$45.00 price target.

Rocket Companies (RKT)

J.P. Morgan analyst Richard Shane reiterated a Sell rating on Rocket Companies today and set a price target of $11.00. The company’s shares closed last Thursday at $12.73.

According to TipRanks.com, Shane is a 5-star analyst with an average return of 11.7% and a 65.9% success rate. Shane covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and SLR Investment Corp.

Currently, the analyst consensus on Rocket Companies is a Moderate Sell with an average price target of $11.23, representing a -11.5% downside. In a report released yesterday, KBW also assigned a Sell rating to the stock with a $10.75 price target.

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Read More on COIN:

• COIN Earnings: Coinbase Slips despite Strong Earnings Beat
• Options Volatility and Implied Earnings Moves Today, May 02, 2024
• Coinbase price target raised to $260 from $151 at Citi
• Coinbase call buyer realizes 39% same-day gains
• Options Volatility and Implied Earnings Moves This Week, April 29 – May 02, 2024