Coinbase price target raised to $328 from $282 at Barclays

Barclays raised the firm’s price target on Coinbase (COIN) to $328 from $282 and keeps an Equal Weight rating on the shares post the Q4 report. The company’s EBITDA was well ahead of estimates, with some of the surprise perhaps taken away after Robinhood’s results, the analyst tells investors in a research note. The firm says Coinbase’s tone “was unsurprisingly quite confident, though investors are looking for the next catalyst.”