• Coinbase could jump 11% this year as cryptocurrency trading volume accelerates, says Mizuho

    10 days ago - By Business Insider

    Summary List Placement Coinbase's stock could be helped by a continued acceleration in cryptocurrency trading volume, according to Mizuho's Dan Dolev.
    The managing director and his associate Ryan Coyne upgraded their price target for Coinbase to $315 from $285. That's about an 11% gain from current levels as of Tuesday afternoon.
    The analysts explained that "crypto exuberance" drove elevated trading volumes on Coinbase that nearly matched the record first quarter during the month of April. If that trend continues, they expect second quarter revenues to top consensus estimates by as much as...
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  • Coinbase could jump 13% this year as cryptocurrency trading volume accelerates, says Mizuho

    Coinbase could jump 13% this year as cryptocurrency trading volume accelerates, says Mizuho

    10 days ago - By Business Insider

    Richard Drew/Associated Press
    Mizuho upgraded its price target for Coinbase to $315, from $285.
    The analysts say "crypto exuberance" will help accelerate cryptocurrency trading volume on Coinbase.
    They are cautious in the medium-term because of Coinbase's reliance on trading fees for revenue.
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    Coinbase's stock could be helped by a continued acceleration in cryptocurrency trading volume, according to Mizuho's Dan Dolev. The managing director and his associate Ryan Coyne upgraded their price target for Coinbase to $315...
    Read more ...