As previously reported, Monness Crespi upgraded Coinbase (COIN) to Buy from Neutral with a $300 price target telling investors that the company’s Q2 guidance for $600M-$680M in subscription and services revenue now looks “increasingly conservative” considering the strength in underlying assets, especially Ethereum (ETH) and Solana (SOL), during and following the fiscal Q2 period, which should boost blockchain rewards and custody line items.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Coinbase upgraded to Buy from Neutral at Monness Crespi
- Coinbase’s Inclusion in S&P 500: A Strategic Milestone Boosting Market Credibility and Investment Potential
- Robinhood Markets (HOOD) to Offer Crypto Trading in Europe
- Coinbase Stock Jumps 11% on S&P 500 Inclusion News
- Closing Bell Movers: Coinbase jumps after inclusion into S&P500
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue