COIN - What's Going On With Coinbase Stock As Bitcoin Rallies? | Benzinga
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher Monday as Bitcoin trades at all-time highs.
The Details:
Shares of several crypto-related companies, including Coinbase, are trading higher as the recent crypto rally continues, and Bitcoin is trading above the $72,000 level.
Goldman Sachs analyst Will Nance upgraded Coinbase from Sell to Neutral and raised the price target from $170 to $282 on Friday. The analyst noted the recent rally has been driven by the Bitcoin halving event, the launch of BTC ETFs and increased political and geopolitical uncertainty.
Goldman Sachs also highlighted Coinbase's daily volumes have "reached levels not seen since 2021." In fact, the company's crypto trading platform has ...