Wall Street Analysts Boost Crypto-Linked Stocks Ahead of Earnings Reports

Wall Street analysts have boosted their price targets on several key stocks tied to the crypto market. Citi more than doubled its target for Strategy (MSTR) to $240 from $136, citing a revised Bitcoin forecast of $113,000.

Baird raised Block's (XYZ) price target to $106 from $105 and designated the stock as a 'Bullish Fresh Pick.' The firm maintained an 'Outperform' rating on Block ahead of its third-quarter earnings report.

Piper Sandler also increased its price target for Coinbase (COIN) to $170 from $146, while maintaining a 'Neutral' rating. The company has not yet announced when it plans to release its quarterly results, but Wall Street expects a loss of $0.22 per share on revenue of $1.17 billion.