Crypto Exchange Coinbase Stock Is Not Out of the Woods as Market Uncertainty Hovers



“Following a severe drop in asset prices, it is not surprising to see a bit of paralysis in customer engagement, particularly in trading as investors assess where we go from here,” JMP’s Devin Ryan told clients in a note. “Pinpointing the moment of inflection is difficult, but we continue to have conviction that Coinbase remains incredibly well positioned to benefit as the pendulum moves back into the middle, which we believe it inevitably will.” Ryan has a market outperform, and lowered JMP’s price target to $195 from $205.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: 

Track live crypto price of 10000+ coins!


Related:  Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January – Defi Bitcoin News