Crypto stocks MicroStrategy, Coinbase jump as Bitcoin recovers to $67,000
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Coinbase Global Inc. (COIN) PT Raised to $181 at JPMorgan, 'May was a positive month'
July 29, 2024 12:19 PM EDTJPMorgan analyst Kenneth Worthington raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $181.00 (from $171.00) while maintaining a Neutral rating.
The analyst comments "We are marking our model ahead of 2Q24 earnings. May was a positive month for the cryptoecosystem amid the U.S. Ether spot ETFs approval (note linked here); however, we saw markets contract in both April and June, muddling the quarters aggregate performance.... More
