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Coinbase Stock Price Higher Estimates Explained

After Coinbase released impressive Q1 earnings yesterday, conservative estimates for the exchange’s stock price hover around $300, but D.A. Davidson has raised their valuation of Coinbase’s stock to $440 per share. Gil Luria, D.A. Davidson’s Head of Research, breaks down his price target for the exchange. Plus, the biggest risks to Coinbase.

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D.A. Davidson | CoinDesk