Oppenheimer raised the firm’s price target on Coinbase (COIN) to $388 from $334 and keeps an Outperform rating on the shares following quarterly results. The firm says that since December, Coinbase has taken market share from Robinhood (HOOD) and is not widely covered. Oppenheimer believes Coinbase could enter the prediction markets soon. The next step is S&P 500 inclusion, which could occur March 7 under the firm’s best-case scenario.
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