Bernstein recommends buying Nvidia stock for 2026, highlighting that it has rarely been cheaper in the last decade, suggesting a potential investment opportunity.
Top Bernstein analyst Stacy Rasgon remains cautious on AMD and Intel, maintaining hold ratings amid mixed signals; Intel faces core challenges despite recent cash raises and short-term demand improvements, while AMD benefits from a strategic OpenAI partnership but faces high expectations for future profits. Overall, AMD shows stronger near-term growth potential, whereas Intel's fundamentals are less convincing.
Bitcoin mining stocks IREN, WULF, and BITF surged after Bernstein highlighted them as key AI infrastructure winners, reflecting investor optimism in their potential growth linked to AI developments.
Bernstein analysts believe Robinhood's stock (HOOD) can continue its upward trajectory after reaching record highs, indicating confidence in the company's growth prospects.
UnitedHealth Group's stock has fallen 42% this year due to various pressures, but Bernstein considers it a top pick ahead of Q2 earnings, citing an attractive entry point and potential for growth as the company benefits from sector recovery and normalization of margins. The stock is viewed as undervalued with a 21.6% upside potential based on analyst targets.
Bernstein has increased its price target for Coinbase (COIN) to $510, citing stablecoin growth, institutional crypto dominance, and recent acquisitions as key factors. Coinbase's stock has surged over 140% in Q2, and analysts see significant upside potential, with the company being compared to the 'Amazon of crypto' due to its dominant position in crypto financial services.
Coinbase's stock surged due to rising Bitcoin prices and positive regulatory developments in Congress, with Bernstein boosting its price target by 65%, highlighting Coinbase's dominant market position and upcoming product launches like perpetual futures.
Bernstein analysts recommend buying Bitcoin during its recent price dip below $95,000, attributing the decline to routine leverage adjustments rather than fundamental issues. They highlight strong demand from ETFs and corporate buyers like MicroStrategy, which holds over 423,650 Bitcoin. Despite concerns about Google's quantum chip, Bernstein reassures that quantum threats to Bitcoin's security are distant. The firm maintains a 12-month price target of $200,000, driven by institutional demand and manageable miner leverage.
Bernstein analysts predict Bitcoin's price could reach $80,000 to $90,000 if Trump wins the U.S. election, but may drop to $50,000 if Kamala Harris prevails. Despite potential short-term volatility, they expect Bitcoin to hit $200,000 by 2025, regardless of the election outcome. Trump's pro-crypto stance and push for American Bitcoin production could boost the mining sector, while U.S. Bitcoin ETFs have already attracted significant institutional investment.
Bernstein predicts the market value of digital assets to reach $7.5 trillion by 2025 and initiates coverage on Robinhood Markets Inc. at outperform, anticipating a significant crypto comeback with the online brokerage's crypto trading volume expected to grow nine-fold over the next two years.
Robinhood's shares surged over 11% in premarket trading after reporting a significant increase in user activity during February, with equity trading volume jumping 36% to $80.9 billion, options contracts traded increasing 12% to $119.1 million, and crypto volumes growing 10% to $6.5 billion. Broker Bernstein initiated coverage of the stock with an outperform rating and a $30 price target, citing a bullish outlook on the "monster" crypto cycle and projecting a nearly tripled total market cap of $7.5 trillion by 2025.
Bernstein analysts predict that Bitcoin is poised for a FOMO rally to new record highs, driven by the increasing interest in Bitcoin ETFs. They note a significant decrease in outflows from Grayscale Bitcoin Trust and a surge in inflows into new ETFs, leading to improved market sentiment and impending scarcity of supply. The analysts expect a significant Bitcoin rally to occur before the halving event in April 2024 and advise investors to consider cryptocurrency investments, particularly in companies like Riot Platforms and CleanSpark.
According to Bernstein, investors should consider buying the dip in bitcoin mining stocks over the next two months, as the market presents a favorable opportunity for investment.
Bernstein analysts suggest investing in certain high-risk cryptocurrency stocks, anticipating a potentially explosive year for Bitcoin. They believe that despite the volatility and risks associated with these assets, there could be significant rewards for investors who strategically engage with the crypto market this year.
Despite its significant increase in value this year, Bernstein believes that Nvidia stock remains an attractive investment opportunity, particularly in the field of artificial intelligence (AI).