Source: Coindesk.com
Bank of America raised Coinbase to neutral from underperform and boosted its price target to $217 from $110. The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said. The bank said risks include the exchange’s continued dependence on transaction revenue and the company’s ongoing lawsuit with the
Read More https://www.coindesk.com/business/2024/05/17/coinbase-upgraded-to-neutral-from-underperform-at-bank-of-america-on-positive-crypto-market-dynamics/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics" appeared first here Coindesk.com.
Source: Coindesk.com