Coinbase price target raised to $315 from $300 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Coinbase to $315 from $300 and keeps a Buy rating on the shares. Coinbase delivered another strong revenue and earnings beat, the analyst tells investors in a research note. The firm says that while the recent pullback in crypto asset prices as well as the ongoing regulatory overhang could result in some additional downward pressure on shares over the short-term, it remains bullish on the stock over the medium-term.