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Shares of Coinbase Global (NASDAQ: COIN) surged on Friday, adding as much as 6.1%. As of 12:12 p.m. ET, the stock was still up 5.8%.
The catalyst that drove the crypto trading specialist higher was some positive commentary courtesy of a couple of Wall Street analysts.
Piper Sandler (NYSE: PIPR) analyst Richard Repetto believes that the recent pullback in Coinbase Global stock provides investors with an attractive entry price, while giving them exposure to the fast-growing digital asset and cryptocurrency space.