Crypto-linked shares rise premarket as Bitcoin hits highest price since May 2022

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Coinbase (COIN) price target raised at Needham & Company as bitcoin cycle still in early innings

December 5, 2023 9:42 AM EST

Needham & Company raised its price target for Coinbase (NASDAQ: COIN) to $160 from $120 per share in a note Tuesday, maintaining a Buy rating on the stock.

Analyst John Todaro said that retail crypto metrics indicate the gains are still in their early innings.... More