Coinbase Analyst ‘Cautiously Optimistic’ On Stock With Balanced Risk/Reward, Says Regulatory Environment Is Positive And Negative
A Coinbase Global Inc. (NASDAQ:COIN) analyst views the stock as a balanced risk/reward opportunity for investors and long-term growth winner in the cryptocurrency sector.
The Coinbase Analyst: Goldman Sachs analyst James Yaro gave Coinbase a Neutral rating and a $195 price target.
Analyst Will Nance previously covered the stock for Goldman Sachs. The most recent rating from Nance was Neutral with a $350 price target.
Read Also: Coinbase Q4 Earnings Highlights: Trading Platform Welcomes ‘Dawn Of A New Era For Crypto’
The Analyst Takeaways: With pure-play exposure to the cryptocurrency sector, Yaro sees long-term growth for Coinbase as the crypto ecosystem expands.
The analyst said Coinbase has a “balanced risk/reward.”
Yaro highlights the company’s exposure to retail and institutional trading along with a growing subscription and services business.
“We are cautiously optimistic on COIN, but …
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