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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Read More on COIN:
- Coinbase price target raised to $310 from $285 at Piper Sandler
- Coinbase price target raised to $328 from $282 at Barclays
- Coinbase price target raised to $350 from $330 at H.C. Wainwright
- Coinbase price target raised to $475 from $400 at JMP Securities
- Robinhood Stock (HOOD) Soars as Wall Street Analysts Boost Price Targets on Crypto Momentum
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