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Bank of America Upgrades Coinbase Rating to Neutral, Raises Price Target to $217

Bank of America Upgrades Coinbase Rating to Neutral, Raises Price Target to $217

Last updated: May 17, 2024 17:30 EDT | 2 min read Bank of America (BAC) upgraded its rating on Coinbase (COIN) shares from underperform to neutral on Friday and raised its price target for Coinbase to $217 from $110, reflecting a positive outlook for the cryptocurrency exchange. Following the announcement, the COIN price rose 2.5% in […]

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JPMorgan Upgrades COIN To Neutral Due To Crypto Market Rally

JPMorgan Upgrades COIN To Neutral Due To Crypto Market Rally

JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase

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