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Goldman Sachs, Barclays, and Jefferies cut their Robinhood Markets (HOOD) price targets on Thursday, one evening after the Nasdaq-listed brokerage beat second-quarter revenue and profit estimates. Goldman and Jefferies had each raised their targets to $137 earlier in July.

All three firms kept bullish ratings. Their reversal is about timing, not execution. Analysts now expect Robinhood’s existing trading business, rather than its newer products, to carry growth into 2027.

Why Did Analysts Cut Robinhood Price Targets After an Earnings Beat?

Goldman Sachs moved to $118. Jefferies went to $127. Barclays cut deepest, to $105.

The round trip is what stands out. Jefferies lifted its target from $94 to $137 on July 8. Goldman reached $137 in mid-July. Both unwound that optimism within a month.

Not everyone retreated. Piper Sandler held $135 and BTIG reiterated $125. Bernstein’s $160, set July 20, still leads the 28 analysts covering the stock.

Why It Matters for HOOD Stock

Robinhood beat and still could not hold a bid. That pattern is established, not new.

In November 2025, Robinhood beat on both lines and fell 10.8% the next session. HOOD traded near $89.67 on Thursday morning, about 42% below its October 2025 record.

Barclays framed the ceiling plainly. It expects existing businesses to drive near-term growth, arguing newer bets need years before they move the revenue base.

Robinhood’s HOOD stock fell almost 2% at market open, and was trading for $88.06 as of this time.

What Robinhood’s Q2 Filing Actually Shows

Revenue rose 32% to a record $1.31 billion, per the company’s filing. Diluted earnings reached $0.62 per share, up 48%. Adjusted EBITDA hit $741 million.

Earnings quality is thinner than the headline suggests. Roughly $0.14 of that EPS came from one-off gains, mostly the deconsolidation of Robinhood Ventures Fund I.

Crypto remains the soft spot. Robinhood’s crypto revenue beat consensus at $100 million, yet fell 38% from $160 million a year earlier.

That line now supplies 8% of net revenues, down from 16%. The 10-Q blames weaker market-maker rebate rates and 16% fewer users placing crypto trades.

What to Watch Over the Next 30 Days

July net new assets are tracking toward $4 billion, soft after a strong June.

Costs are the offset. Robinhood cut 10% of staff in June and lowered full-year 2026 expense guidance to a range of $2.675 billion to $2.775 billion.

Robinhood also leads tokenized stock ownership by holder count while trailing on money committed, which is the gap Barclays is pricing.

With the consensus target near $122 and the stock under $90, the question is whether prediction markets and tokenized assets scale before that spread closes on its own.

The post Goldman, Barclays, Jefferies Cut Robinhood Targets Despite Earnings Beat appeared first on BeInCrypto.

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The two-week campaign brought thousands of traders on-chain, with daily $500 prize pools and fully transparent, publicly verifiable winner selection.

Primit, the decentralized perpetual exchange built on Avalanche, today announced the successful conclusion of its Season 1 trading campaign, a 14-day event that rewarded traders with daily prize pools and marked the platform’s first major community milestone since launch.

Running from July 15 to July 28, the campaign invited traders of all sizes to participate with a deliberately low barrier to entry: anyone generating at least $200 in daily trading volume was automatically entered into that day’s draw. Each day, 20 winners split a $500 prize pool, with rewards distributed directly to their wallets.

By the Numbers

Over the course of Season 1, Primit recorded:

• 10,000+ participating wallets across the campaign
• Over 500 wallets qualified for every single one of the 14 daily actions
• 14 daily draws completed, with 280 total winners
• $100,000 will be distributed directly to traders’ wallets

In a space where campaign fairness is often questioned, Primit published every day’s winner list — with masked wallet addresses — on its official blog, allowing anyone to verify results on-chain. This transparency-first approach became a defining feature of the campaign and a foundation of trust with its early community. 

“Season 1 was about proving one thing: that a new perpetual DEX can give everyday traders a fair shot at real rewards, not just whales,” said Primit Team. “The response exceeded our expectations — traders came for the prizes, and stayed for the product.”

Built on Avalanche

Primit’s deployment on Avalanche played a central role in the campaign’s accessibility. Sub-second finality and near-zero gas fees allowed participants to reach the $200 volume threshold in minutes, at a cost of pennies — removing the friction that typically keeps retail traders away from on-chain derivatives.

What’s Next: Season 2

With Season 1 complete, Primit confirmed that Season 2 is already in development, featuring a larger prize pool and new participation mechanics. Details will be announced through Primit’s official channels in the coming weeks.

“This is the end of Season 1, but the beginning of Primit’s community story,” the team added. “Everything we learned from our first traders goes directly into what we build next.”

About Primit

Primit is a decentralized perpetual futures exchange deployed on Avalanche, offering fast, low-cost on-chain derivatives trading without KYC. Primit is building the next generation of accessible on-chain trading infrastructure.

Website: https://primit.io | X: https://x.com/primitforall

The post Primit Wraps Up Season 1 Trading Campaign on Avalanche appeared first on BeInCrypto.

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The past months have not been kind to Ripple’s cross-border token, whose price is down roughly 65% on a yearly scale.

One analyst warned that it may soon fall well below the $1 psychological mark, while many others remain optimistic that a major rebound is coming next.

Going Further Down?

As of press time, XRP trades at around $1.08, which translates into a 4% weekly loss. According to X user Hamza, the asset’s recent decline has resulted in a breakdown from a critical symmetrical triangle that could lead to an additional pullback.

The analyst claimed that retail is still “bagholding on hope” while smart money had left and set a target of $0.836. At the same time, they said a potential rise to $1.16 would invalidate the bearish setup.

FOUR | Crypto Spaces also issued a pessimistic forecast, envisioning a plunge to $1.02, while Carl Hawley opined that XRP has shown “extreme weakness” on higher timeframes, making the asset the most oversold since COVID times. Usually, entering such a territory is a precursor to a resurgence, yet the analyst couldn’t predict the exact direction of the upcoming move, saying:

“Capitulation or opportunity? The next few weeks could be decisive.”

The rising number of XRP tokens stored on Binance suggests the bearish perspective is more likely. The figure has reached a nearly three-week high of approximately 2.62 billion coins, signaling that some investors have abandoned self-custody methods and moved their holdings to the exchange. This, in turn, increases the immediate selling pressure.

The Bullish Scenarios

It is important to note that the majority of people making XRP predictions remain optimistic. X user MARMOT recently claimed that the asset is repeating the exact pattern from 2017, which led to a 60,000% explosion. They believe the path to the next bull run involves three different phases, envisioning an eventual ascent to a new all-time high of $13.

Celal Kucuker also chipped in, seeing compression, exhausted sellers, and asymmetric risk. In their view, if XRP breaks above its current structure, those who called for $0.50 may suddenly start calling for $10.

The most bullish forecast came from xrpl_Adam, who suggested that Ripple’s native token may become a $100 trillion asset in the future. As of now, it’s hard to imagine an explosion of that magnitude, given that the entire market capitalization of the crypto sector is around $2.3 trillion.

The post XRP Warning: Why Ripple’s Price Could Plunge 23% appeared first on CryptoPotato.

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Coinbase reports Q2 earnings after the close on July 30, with Wall Street expecting a soft quarter. Consensus revenue sits near $1.31 billion, down roughly 13% year over year. The EPS consensus has slipped to about $0.15, while HC Wainwright projects $0.05. The bigger question is whether management can justify Coinbase’s valuation through stronger guidance and growing revenue beyond spot trading.

Estimate cuts have been broad. Barclays expects Q2 trading volume near $152 billion, below the Street consensus of roughly $178 billion. The bank also sees adjusted EBITDA about 3% below consensus and revenue near the lower end of guidance. Softer crypto prices and slower USDC growth remain the biggest headwinds.

Clear Street forecasts roughly $160 billion in trading volume and adjusted EBITDA near $301 million. JPMorgan also cut its price target from $283 to $196 on July 17. The bank cited weaker trading activity and uncertainty surrounding Coinbase’s USDC revenue-sharing arrangement with Hyperliquid.

Discover: The Best Token Presales

Diversification Becomes the Bull Case

Citi lowered its price target from $400 to $235 while maintaining a Buy rating. Even so, the average analyst target remains near $223. That suggests most of Wall Street still expects meaningful upside once trading conditions improve despite lower earnings expectations.

William Blair remains constructive despite reducing forecasts. Analysts Andrew Jeffrey and Adib Choudhury cut 2026 revenue estimates by 12% and 2027 estimates by 13%. They also lowered adjusted EBITDA forecasts by 34% while maintaining an Outperform rating. The firm expects earnings to bottom during the second half of 2026 before recovering through 2027.

The firm argues Coinbase’s long-term story is becoming structural rather than cyclical. Spot Bitcoin ETFs continue attracting institutional capital, while Base, retail derivatives, and prediction markets are expanding the company’s revenue mix. Coinbase also strengthened its derivatives business through the Deribit acquisition, although the deal contributed little to Q2 because it closed late in the quarter.

Subscription and services revenue remains another bright spot. The segment includes USDC interest income, staking, custody, and Coinbase One subscriptions. Analysts expect around $601 million, within management’s guidance range of $565 million to $645 million. That recurring revenue provides a cushion when trading volumes weaken.

Trade on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Regulation and Guidance Hold the Coinbase Key

The Clarity Act remains one of the biggest long-term catalysts. The proposal would divide crypto oversight between the SEC and CFTC. Benchmark believes recent Senate progress improves its chances, while Compass Point warns delays could pressure Coinbase’s valuation if investors have already priced in regulatory progress.

Bitcoin and Ethereum both traded at earlier highs during much of Q2, reducing retail participation and exchange volumes. Piper Sandler also highlighted prediction markets and perpetual futures after strong World Cup activity. However, Coinbase shares economics with Kalshi, limiting the business’s direct earnings contribution.

Ultimately, investors already expect a weak quarter. Management’s outlook for trading demand, stablecoin revenue, and regulatory developments will likely matter more than the headline results. If Coinbase shows its diversified businesses can offset weaker spot trading, the market may look beyond another soft earnings report.

Discover: The Best Crypto to Diversify Your Portfolio

The post Coinbase Q2 Earnings Preview: Guidance and Diversification in Focus appeared first on Cryptonews.

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The Magnum Ice Cream Company (MICC) posted first-half core earnings above analyst expectations on July 30. Cost cuts since its 2025 spinoff from Unilever (UL) drove the beat, alongside a heatwave-driven summer surge for Ben & Jerry’s.

Revenue reached €4.7 billion, up from €4.5 billion a year earlier, with organic sales growth of 4.7% across every region. Adjusted EBIT climbed 7.5% to €716 million, though separation costs pulled net profit down to €349 million.

Ben & Jerry’s Powers a Hot Start to Summer

Ben & Jerry’s led the gains across the portfolio. Growth accelerated sharply once summer heat set in across Europe. New stick and sandwich formats pulled fresh buyers into the brand, both in the Americas and in Europe.

“Ben & Jerry’s grew mid-single-digit and had an outstanding second quarter with 9.2% growth.”

Peter ter Kulve, the company’s CEO, praised a frontline-first operating model in a statement tied to the results. Sustained heat across Europe has already lifted other heatwave-driven cooling stocks this summer, and that trend now extends to frozen treats.

Magnum, Cornetto, and the Heartbrand also posted gains. All four core brands showed positive momentum, and Yasso, the company’s high-protein pint line, kept growing at a double-digit pace. The pattern echoes the seasonal plays behind several US stocks to watch this July.

Magnum’s Cost Cuts and Productivity Gains Lift Margins

A productivity programme launched in 2024 delivered €90 million in first-half savings, most of it from the supply chain. Waste reduction and better factory use both contributed. Meanwhile, a favorable working capital swing tied to the Unilever separation nearly doubled Free Cash Flow to €273 million.

Standalone financing pushed net finance costs up to €72 million, compared with just €10 million a year earlier. That shift lines up with the broader high-rate backdrop highlighted by the Fed’s July decision to hold rates steady, a move that rattled bond markets and pushed long-term borrowing costs to multi-year highs.

The earnings beat nonetheless continues a summer pattern of firms topping Wall Street estimates. It follows Robinhood’s earnings beat and Intel’s surprise profit beat earlier this season, both delivered despite mixed investor reactions.

Shares of Magnum Ice Cream (EURONEXT: MICC) were changing hands near €16.16 ahead of the print, up roughly 19% for the year and close to the all-time high of €16.74 hit on July 7. The stock has climbed steadily since bottoming near €11 in late April, and the chart shows that run largely intact heading into results day.

Management reaffirmed full-year guidance of 3% to 5% organic sales growth. The company now enters peak summer demand with momentum intact. A pending antitrust review of its freezer-cabinet practices in Türkiye adds a regulatory wrinkle to watch.

The next quarter should still show whether the heat and the cost discipline both hold.

The post Heatwave Boosts Ice Cream Sales as Magnum Beats Earnings Forecasts appeared first on BeInCrypto.

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