JPMorgan initiates Coinbase at overweight, says stock can rebound more than 60%

cnbc2021-05-25

Coinbase’s stock should be able to claw back its losses as the company benefits from continued growth of the cryptocurrency market, according to JPMorgan.Shares of the cryptocurrency exchange have ...

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精彩评论

Tchua
2021-05-25
Tchua
Long Coinbase
- 60d48e1:
  Not yet
- Shaunchiaqj:
  Really?
jaffer
2021-05-25
jaffer
Crypto coin
Piggu
2021-05-25
Piggu
Comment pls
sillyji
2021-05-25
sillyji
Nice
CTLT
2021-05-25
CTLT
Price now can buy coinbase?
MKSoh
2021-05-25
MKSoh
All type of coins look popular again

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The stock has fallen in seven of the past nine trading sessions, with each decline greater than 2.5%.JPMorgan analyst Kenneth Worthington initiated coverage of the stock on Tuesday with an overweight rating, saying that the outlook for Coinbase and the crypto-space was still bright despite the recent swings.“We see the cryptomarkets as durable and growing, and expect Coinbase has the opportunity to influence and benefit from this market growth as it innovates,” the note said. “We see organic and inorganic growth opportunities leveraging Coinbase’s position as a large and trusted exchange with success contingent on hiring the talent needed to develop and acquire ‘the best’ in crypto.”Coinbase began trading in itsdirect listinglast month at $381 per share and briefly jumped above $400 before falling by more than 40%. 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