Goldman Sachs upgraded Coinbase (COIN) to Buy from Neutral with a price target of $303, up from $294. The company’s recent product launches enhance the competitiveness of its core business, the analyst tells investors in a research note. Further, Goldman views Coinbase as a “best-in-class play” on the growth of crypto infrastructure. The company’s scale and brand recognition continue to drive above average-revenue growth and market share gains, the firm contends.
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