It is an end-to-end financial infrastructure and technology provider for the crypto economy. It generates virtually all of its net revenue from transaction fees on trades occurring on its platform. Geographically, it derives the vast majority of its revenue from the US, followed by the rest of the world.
Cathie Wood holds about $1 billion, she continues to accumulate the stock in large quantities.
Recent declines in the crypto world took the stock to low price levels. Since the IPO, the stock has fallen significantly.
There could be a good opportunity at the current price.
Analyst coverage: On 20.05, Piper Sandler issued coverage on the stock, with a price target of $335.
On 21.05, Oppenheimer issued coverage with a price target of $434.
This morning (24.05), Goldman Sachs issued coverage on the company's stock, with a price target of $306.
An average upside of 62%!
Technically: Current price: $228.63 First target: $281 Second target: $306 Stop loss: $207 Debt to equity ratio: 0.83
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