Investment bank Cantor Fitzgerald analyzed that Coinbase (COIN) and Robinhood (HOOD) are focusing on prediction markets and new product launches as their next growth engines. According to CoinDesk, Ramsey El-Assal, an analyst at Cantor Fitzgerald, explained, "Coinbase and Robinhood's Q1 cryptocurrency trading performance is expected to be sluggish. However, investors are looking past these expectations and focusing on future products such as prediction markets." He added, "Although short-term revenue is expected to be somewhat sluggish, investor sentiment is improving, and there are long-term growth drivers. Prediction markets and tokenization are expected to help diversify revenue streams." Cantor Fitzgerald maintained an overweight rating on Coinbase and Robinhood, raising their price targets to $250 and $110, respectively.
