TurboTax Accelerates; Crypto Rally Fails to Boost Coinbase; HOKA to Outpace UGG

In our weekly round-up of the top charts and market-moving analyst insights: Coinbase’s (COIN) trading volume is expected to remain low despite the crypto rally; Intuit’s (INTU) TurboTax may break its sales record this year; Samsung’s DRAM bit shipments are estimated to fall after production cuts were announced; HOKA is set to outpace UGG as Deckers Outdoor’s (DECK) top-selling brand; and analysts predict Topgolf will drive MODG sales growth through 2025.

Coinbase Trading Volume Estimates Remain Low Despite Recent Crypto Rally

Despite the recent rally in cryptocurrencies analysts have kept Coinbase’s (COIN) trading volume estimates at their lowest levels, according to Visible Alpha consensus. Since the beginning of last year, analysts have revised Coinbase’s future trading volume estimates nearly 70% lower as the company suffered from lower demand, increased competition, and greater regulatory concerns.

Intuit’s TurboTax Expected to Break Unit Sales Record This Year, Say Analysts

Analysts are forecasting record sales for Intuit’s (INTU) TurboTax this year with about 45.8M units expected to be sold, according to Visible Alpha consensus. Some analysts believe the company has gained market share of the DIY filings market ahead of Tax Day on April 18.

Samsung’s DRAM Bit Shipments Estimates Fall Ahead of Production Cut

Analysts have been lowering their estimates for Samsung’s (005930_KR) future DRAM bit shipments by >20% since early last year as memory demand weakened for computers and servers. Samsung recently announced DRAM production cuts in response to elevated inventory – a decision peers such as Micron (MU) & SK hynix (000660_KR) made last year.

HOKA to Outpace UGG as Top-Selling Brand for Deckers Outdoor, Say Analysts

According to Visible Alpha consensus, HOKA will outpace UGG to become Deckers Outdoor’s (DECK) best-selling brand in 2025. Some analysts believe HOKA can continue gaining market share in athletic footwear by expanding product offerings, increasing shelf space, and expanding internationally.

Analysts Predict Topgolf Will Drive MODG Sales Growth Through 2025

Topgolf Callaway Brands (MODG) is expected to see sales grow steadily through 2025 as the company benefits from strong demand for Topgolf and demographic tailwinds from retiring boomers. MODG also happens to sponsor Jon Rahm, who won this year’s Masters Tournament and provided increased exposure for the brand.