Canaccord analyst Joseph Vafi raised the firm’s price target on Coinbase to $140 from $70 and keeps a Buy rating on the shares. The firm said while Coinbase remains a crypto lightning rod in many respects, we see the company gaining material momentum across a variety of different fronts. Canaccord said we believe there should be follow-through momentum again in Q2, and they raised their estimates
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on COIN:
- Coinbase Stock (NASDAQ:COIN): Not Worth the Short-Term Risks
- The SEC’s Coinbase (NASDAQ:COIN) Lawsuit Reignites the Question — Are Cryptocurrencies Securities?
- Federal Judge Disagrees with Ripple Labs Ruling
- Crypto-Centric BLOK ETF: Diversified but with a Costly Drawback
- U.S. Judge rules Terraform Labs must face SEC fraud allegations, WSJ says