COIN - Coinbase's Outlook Brightens: Analysts Sees Positive Turn In SEC Legal Battle | Benzinga
Equity research firm Oppenheimer on Friday upgraded Coinbase Global (NASDAQ: COIN) to an Outperform rating, setting a price target of $160.00.
The report's upbeat stance is partly driven by the ongoing legal scenario involving Coinbase and the SEC.
Oppenheimer analysts believe that Coinbase will likely emerge favorably from this dispute, either by prevailing in the lawsuit or a possible dismissal by the court.
This confidence is grounded in recent legal precedents and an interpretation of the SEC's regulatory reach over cryptocurrencies.
Another significant aspect influencing this ...