CFRA raises Coinbase (COIN) as stock benefits from recent crypto enthusiasm

CFRA Upgrades Coinbase Global Inc. (COIN) to Hold

CFRA analyst Michael Elliott upgraded Coinbase Global Inc. (NASDAQ: COIN) from Sell to Hold.

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 $165.67 yesterday.

Midday movers: Coinbase surges; DoorDash, Roku drop

(Updated - February 16, 2024 11:09 AM EST)

Investing.com -- Main U.S. indexes declined Friday after data from the Labor Department showed hotter than expected producer prices in January, eroding confidence in near-term rate cuts from the Fed.

Here are some of the biggest U.S. stock movers today:

Coinbase (NASDAQ: COIN) posted fourth-quarter income that topped Wall Street estimates, sending shares higher by 14%,... More

Coinbase Global Inc. (COIN) PT Raised to $200 at Wedbush

Wedbush analyst Moshe Katri raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $200.00 (from $180.00) while maintaining a Outperform rating.... More

Coinbase Global Inc. (COIN) PT Raised to $220 at Needham & Company

Needham & Company analyst John Todaro raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $220.00 (from $180.00) while maintaining a Buy rating.... More

Coinbase Global Inc. (COIN) PT Raised to $200 at Oppenheimer

Oppenheimer analyst Owen Lau raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $200.00 (from $160.00) while maintaining a Outperform rating.... More

Coinbase shares near two-year high as ETF euphoria boosts trading volume

By Manya Saini and Niket Nishant

(Reuters) -Coinbase Global shares jumped closer to a two-year high on Friday after the crypto exchange posted its first quarterly profit since 2021, benefiting from a trading volume surge in the run-up to the approval of spot bitcoin exchange traded funds (ETFs).

The stock rallied 14% to $189.28 and added more than $5 billion to the company's market value.

Trading fees for Coinbase improved as investor interest... More

Keefe, Bruyette & Woods Upgrades Coinbase Global Inc. (COIN) to Market Perform

Keefe, Bruyette & Woods analyst Kyle Voigt upgraded Coinbase Global Inc. (NASDAQ: COIN) from Underperform to Market Perform with a price target of $160.00 (from $93.00).

The analyst said, "Solid revenue beat in the quarter on retail engagement ultimately being much stronger than expected towards... More

Coinbase Global Inc. (COIN) PT Raised to $165 at Piper Sandler

Piper Sandler analyst Patrick Moley raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $165.00 (from $125.00) while maintaining a Neutral rating.... More

Coinbase Global Inc. (COIN) PT Raised to $240 at Canaccord Genuity

Canaccord Genuity analyst Joseph Vafi raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $240.00 (from $140.00) while maintaining a Buy rating.... More

BofA Securities Reiterates Underperform Rating on Coinbase Global Inc. (COIN), 'Robust 4Q print, but shares are pricey'

BofA Securities analyst Jason Kupferberg reiterated an Underperform rating and $79.00 price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst commented: "COIN up after hours after clean 4Q print COIN shares are trading up after hours following a solid top-line and Adjusted EBITDA beat. Transaction revs came in better than expected largely due to another... More

Coinbase Global Inc. (COIN) PT Raised to $146 at Barclays

Barclays analyst Benjamin Budish raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $146.00 (from $110.00) while maintaining a Underweight rating.... More

Coinbase (COIN) Tops Q4 EPS by $1.00

Coinbase (NASDAQ: COIN) reported Q4 EPS of $1.04, $1.00 better than the analyst estimate of $0.04. Revenue for the quarter came in at $953.8 million versus the consensus estimate of $826.69 million.

For earnings history and earnings-related data on Coinbase (COIN) click here.