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Coinbase Rated Underperform in New Coverage on Lack of ‘Crypto Innovation’

Autonomous Research gave COIN a $160 price target in contrast to the much more bullish estimates from other firms.

Coinbase signage in New York on the day of the crypto exchange's direct listing debut. (Robert Nickelsberg/Getty Images)
Coinbase signage in New York on the day of the crypto exchange's direct listing debut. (Robert Nickelsberg/Getty Images)