BofA raised the firm’s price target on Coinbase to $259 from $217 and keeps a Neutral rating on the shares after the company hosted its State of Crypto Summit 2024 with presentations by various industry experts and early cryptocurrency adopters in the space including its Founder and CEO Brian Armstrong. Topics included blockchain use cases and innovation, the role of crypto in investor portfolios, and the positively changing regulatory environment. The firm raised its price objective driven by transaction-based revenue.
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