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Coinbase Upgraded by Oppenheimer as Crypto Exchange Is 'Stronger Than Many People Realize'

Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.

By Helene Braun, Will Canny|Edited by Aoyon Ashraf

Updated Mar 8, 2024, 8:33 p.m. Published Jan 26, 2024, 4:01 p.m.

Investment bank Oppenheimer raised the rating of Coinbase's stock to “outperform” from “perform” with a price target of $160 per share. (Alpha Photo/Flickr)