Coinbase price target raised to $206 from $196 at Barclays

Barclays raised the firm’s price target on Coinbase to $206 from $196 and keeps an Underweight rating on the shares post the Q2 report. The company’s revenue beat, but opex was a bit higher than expected and adjusted EBITDA missed by 3%, the analyst tells investors in a research note. The firm says the tone of the call was positive, with management noting in particular an improving political backdrop.