Bernstein sharply raises its target price for Coinbase shares to $510 from $310
Online reports that brokerage firm Bernstein has significantly raised its target price for Coinbase shares from $310 to $510 and reiterated its outperform rating on the stock. Bernstein said that Coinbase Exchange is the only cryptocurrency native company in the S & P 500 Index. Despite competitive pressure, Coinbase continues to dominate U.S. market transactions while also consolidating its role as a universal bank for cryptocurrencies.
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