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.
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