Coinbase Earns Upgrade As Bitcoin Explodes Past $70,000: Volumes ‘Not Seen Since 2021’ (CORRECTED)
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Editor’s note: The headline of this story has been corrected to reflect that Bitcoin crossed the $70,000 level.
Shares of Coinbase Global Inc (NASDAQ: COIN) climbed in early trading on Friday, with Bitcoin prices on fire.
Prices of several cryptocurrencies are hovering near record higher and Coinbase Global’s daily volumes have “reached levels not seen since 2021,” according to Goldman Sachs.
The Coinbase Global Analyst: Will Nance upgraded the rating for Coinbase Global from Sell to Neutral, while raising the price target from $170 to $282.
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Full story available on Benzinga.com
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