Coinbase price target raised to $175 from $169 at Barclays

Barclays raised the firm’s price target on Coinbase to $175 from $169 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview. The company’s volumes continued to soften through the quarter and Barclays is “quite a bit below the Street,” largely on weaker retail transaction revenues, the analyst tells investors in a research note. The firm says that in the near term and with the election approaching, investors continue to focus on potential regulatory changes as an incremental catalyst for the shares.