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Coinbase Global Inc (COIN $240.62)
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Propel Holdings Inc. (PRL $24.23)
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Galaxy Digital Inc. (GLXY $25.37)
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Robinhood CDR (CAD Hedged) (HOOD $19.26)
Q: Your thoughts on these stocks:buy/hold/wait?Entry points?
Thank you
Thank you
5i Research Answer:
HOOD, COIN and GLXY have a relatively high correlation to the crypto sector. HOOD is making solid gains in other areas and we would be comfortable buying it. We like GLXY and COIN longer term but do not think all of these need to be owned at the same time. We think GLXY/HOOD would be a good combo. PRL is very cheap and continues to grow. Sentiment has changed, but fundamentals still look good. We would see it as an 'accumulate' as it remains quite small and some patience is likely required here.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in COIN.