Bernstein rates Coinbase “outperform” and sets price target at $310

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ODAILY
03-18
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Odaily reports that critics are concerned about the increasing competition and fee pressure facing Coinbase, but Bernstein has a different view, giving Coinbase an "outperform" rating and setting a target price of $310 for its stock. Analysts point out that Coinbase is the largest cryptocurrency exchange in the US, with a market share of around 66%, assets exceeding $400 billion, and about 10 million active users. The Trump administration aims to make the US the "global cryptocurrency capital," including establishing a Bitcoin strategic reserve, banks adopting digital assets, and stablecoin and market structure regulation, and Coinbase remains the dominant platform. ()

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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