Bitcoin Surges Past $100K, Boosting Crypto Stocks Outlook

Bitcoin surpasses $100,000 again following positive CPI data, fueling optimism in crypto-centric stocks. Investors eye gains from NVIDIA, Robinhood, Shopify, Interactive Brokers, and Coinbase as earnings estimates improve.

Date: 18-01-2025

AI Rating: 8

Earnings Growth Potential: The report highlights substantial expected earnings growth for several companies closely tied to Bitcoin, signaling strong positive sentiment. NVIDIA's expected earnings growth rate is more than 100% for the current year, with a 3.5% improvement in the Zacks Consensus Estimate over the last 60 days.

Similarly, Robinhood Markets anticipates over 100% earnings growth with a significant 26.4% improvement in earnings estimates over the past 60 days, making it a strong buy with a Zacks Rank #1.

Shopify is also positioned well, expecting a 70.3% growth rate alongside a 12.5% improvement in earnings estimates. Interactive Brokers presents an expected earnings growth rate of 20% with slight improvements in estimates, while Coinbase predicts growth exceeding 100% along with an 11.4% increase in current-year estimates.

The report projects a bullish outlook as Bitcoin's recovery to the $100,000 mark, along with positive inflation data and regulatory support under Trump's administration, enhances growth prospects for these companies. Strong performances in the cryptocurrency market might positively sway their stock prices due to heightened investor enthusiasm.

Stocks: NVDA HOOD SHOP IBKR COIN