JMP Securities raised the firm’s price target on Coinbase to $320 from $300 and keeps an Outperform rating on the shares. Momentum is still positive for the firm’s Capital Markets & FinTech coverage, but JMP Securities sees less room for error after its revaluation higher, the analyst tells investors in a research note. The firm remains bullish on the intermediate-term opportunity at Coinbase.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on COIN:
- MSTR, COIN: Here’s What Pulled Crypto Stocks Higher Yesterday
- Coinbase price target raised to $179 from $146 at Barclays
- Here’s What You Missed in Crypto This Week
- Crypto Roundup: Bitcoin’s Stumble, COIN’s Canada Move, and Ripple’s Stablecoin
- Coinbase obtains registration as a Restricted Dealer in Canada