Piper Sandler cautiously optimistic about Coinbase (COIN) despite staking concerns

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Coinbase PT raised at Barclays despite 'somewhat cautious' crypto view

February 14, 2023 11:43 AM EST

Barclays analyst Benjamin Budish raised the firm's price target on Coinbase (NASDAQ: COIN) to $57 from $45, maintaining an Equal Weight rating on Tuesday, telling investors they are "somewhat cautious" on crypto assets despite the recent price rises.

Budish stated that the data indicates the pickup is not being driven by retail activity.... More