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Cantor Fitzgerald reiterated his "overweight" rating on Coinbase shares and raised its 12-month price target to $292

Online reports that Cantor Fitzgerald analysts reiterated their "overweight" rating on Coinbase shares and raised their 12-month price target to $292 from $253. "In the long term, we believe COIN's performance on the trading side will allow it to increase market share, while its performance outside of trading will materially change how investors view COIN," Cantor Fitzgerald analyst Brett Knoblauch wrote in a note to clients on Friday.

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