Goldman Sachs backs crypto stocks with $196 target
Goldman Sachs kept buy ratings on Coinbase Global and Robinhood Markets as Bitcoin (CRYPTO:BTC) rose 26% in one week.

Finance journalist at Grafa with years of experience covering Asia-Pacific financial markets at S&P Global, Mortgage Ezy, and GMA Network.
Goldman Sachs kept buy ratings on Coinbase Global and Robinhood Markets as Bitcoin (CRYPTO:BTC) rose 26% in one week.
Australia's consumer price index rose 3.5% in the 12 months to July, slowing down from a 3.8% annual rate recorded in June.
Logistics software provider WiseTech Global (ASX:WTC) reported total revenue of US$1.3959 billion for the full year.
Chainalysis identified more than 7,700 suspect crypto accounts linked to child sexual abuse material worldwide.
Nine Entertainment (ASX:NEC) reported continuing business revenue of $2.19 billion for the 12 months ended June 30.
Jazz Pharmaceuticals (NASDAQ:JAZZ) received U.S. Food and Drug Administration approval for two Ziihera (zanidatamab-hrii) treatment regimens for adults with unresectable locally advanced or metastatic HER2-positive gastroesophageal adenocarcinoma.
The Bank of Nova Scotia (NYSE:BNS) reported fiscal third-quarter 2026 net income of C$2.95 billion, up from C$2.53 billion a year earlier, with higher revenue and earnings growth across business segments.
The Marzetti Company (NASDAQ:MZTI) reported fiscal fourth-quarter 2026 net sales of $465 million, down 2.2% year over year, while adjusted diluted EPS increased 9% to $1.46.
SCHMID Group (NASDAQ:SHMD) reported first-half 2026 revenue of €46 million, compared with €16.9 million in H1 2025, while improving adjusted EBITDA and expanding its order backlog.
Vipshop (NYSE:VIPS) reported second-quarter 2026 net revenues of RMB24.7 billion, down from RMB25.8 billion in the prior-year period, while net income attributable to shareholders increased to RMB4.3 billion due to a one-time investment gain.
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