UPDATE: Cowen Starts Coinbase Global Inc. (COIN) at Outperform

Cowen analyst Stephen Glagola initiates coverage on Coinbase Global Inc. (NASDAQ: COIN) with a Outperform rating and a price target of $85.00.

The analyst comments "We are initiating coverage on Coinbase with an Outperform (1) rating and an $85 price target. The company holds a dominant spot volume exchange position in the U.S. with a burgeoning subscription & services platform we believe can grow at a +DD% CAGR for the foreseeable future. We view COIN's security infrastructure and regulatory adherence as a structural advantage vs. top global competitors."

For an analyst ratings summary and ratings history on Coinbase Global Inc. click here. For more ratings news on Coinbase Global Inc. click here.

Shares of Coinbase Global Inc. closed at $67.17 yesterday.

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