Oppenheimer raised the firm’s price target on Coinbase to $282 from $276 and keeps an Outperform rating on the shares. Coinbase beat on both the top and bottom line, driven by strong trading volume which was up over 100% quarter over quarter and year over year, respectively, the analyst tells investors in a research note. The firm estimates that Q2 volume could be $260B, down 17% quarter over quarter and thinks there are catalysts that can support the stock.
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