ARK Fintech Innovation ETF
ARKF----
Weekly Recap | Coinbase -3.47%, consensus target above spot
Weekly Review·- Coinbase stock fell 3.47% over the week to close at $173.16 amidst volatile trading driven by rising Federal Reserve rate hike expectations and macroeconomic sentiment. - The company advanced several initiatives, including post-quantum migration recommendations for Bitcoin, stablecoin card payment partnerships, and AI crypto payments. - Institutional consensus remains bullish with a buy rating and an average target price of $212.15, while the upcoming third-quarter earnings report is scheduled for October 29.Weekly Recap | Coinbase -1.97%, Deribit deal extends derivatives
Weekly Review·- Coinbase stock fell 1.97 % to close at 179.39 USD this week, underperforming the S & P 500 by 3.12 percentage points amid broader crypto market pullbacks. - The company expanded its business by integrating Deribit for global cryptocurrency derivatives and supporting Samsung Wallet as a USDC custodian. - Despite strong institutional ratings with a consensus target price of 211.00 USD, future performance will depend on inflation data, upcoming earnings, and new product traction.