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Coinbase (COIN) Price Target Raised at Mizuho on Higher Bitcoin (BTC) Prices
October 21, 2021 6:30 AM EDTMizuho analyst Dan Dolev raised estimates and a price target on the Neutral-rated Coinbase (NASDAQ: COIN) stock to $300.00 per share from the prior $230.00.
Bitcoin (BTC) price hit a fresh record high yesterday above the $66,000 mark to push the total crypto market capitalization above the $2.7 trillion handle.
Dolevs analysts point to share losses for Coinbase through Q3 to 1.6% from 1.8% in Q1,... More
Coinbase (COIN) Stock Regains $300, Analyst Expect More Benefits From the Approval of a Bitcoin (BTC) Futures ETF
October 19, 2021 9:54 AM EDTBitcoin (BTC) price is trading nearly 3% higher as the buyers continue to push for the fresh record-high ahead of the expected market debut of the first BTC Futures ETF.
ProShares' Bitcoin Strategy ETF is due to debut today under the ticker BITO if the Securities and Exchange Commission (SEC) does not oppose it. Many industry experts believe Bitcoin stands to benefit from the approved ETF.
"It can attract flows from investors who prefer the ease of an ETF over the perceived risk of an exchange," Martha Reyes, head of research at crypto exchange Bequant, told Reuters.
Piper... More
