BofA Upgrades Coinbase to Buy
Bank of America has upgraded Coinbase’s stock (NASDAQ: COIN) from Neutral to Buy, setting a $340 price target — roughly 38 % upside from recent trading levels.
Analysts at BofA (led by Craig Siegenthaler) argue that the recent share price pullback (about –40 % from...
What’s New
Bank of America upgraded Coinbase to Buy from Neutral, marking the second major bullish analyst rating this week (Goldman Sachs also initiated a buy). BofA set a $340 price target — about 38% above current levels — based on Coinbase’s strategic positioning and growth potential.
Why...