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Oppenheimer upgrades Coinbase stock, targets price of $160 per share

Oppenheimer upgrades Coinbase stock, targets price of $160 per share

CointimeCointime2024/01/27 08:47
By:Cointime

Investment bank Oppenheimer has upgraded its rating on Coinbase (COIN) stock to "outperform" with a target price of $160 per share, citing the company's strong performance. Analyst Own Lau pointed out that increased trading volume, recent approval of a Bitcoin ETF, and the potential for Coinbase to win its SEC lawsuit were the main drivers behind the rating upgrade.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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