Monness Crespi raised the firm’s price target on Coinbase (COIN) to $420 from $390 and keeps a Buy rating on the shares. The firm sees momentum in the model, the opportunity for estimates to keep rising, and regulatory clarity “seemingly approaching” following Coinbase’s Q4 beat. The firm tells investors to “stay the course” on the shares.
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Read More on COIN:
- Crypto Currents: Coinbase, IREN report quarterly results
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