Raymond James Reiterates Underperform Rating on Coinbase Global Inc. (COIN); doesn't expects Congress to bail out Coinbase

Raymond James analyst Patrick O\'Shaughnessy reiterated an Underperform rating on Coinbase Global Inc. (NASDAQ: COIN).

"An SEC victory over Coinbase in this matter would likely have substantially negative financial implications for Coinbase. We anticipate that the legal process here could ultimately take multiple years. We do not anticipate Congress stepping in to bail out Coinbase."

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 $51.61 yesterday.

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