Posted 1/8/2024, 10:19:10 PM
Coinbase Primed for Growth Despite Crypto Market Turmoil, Says Needham
- Coinbase well positioned for growth with expanding revenues driven by market sentiments, per Needham analyst
- Needham gives COIN stock a Buy rating and raises price target from $160 to $180
- Sees positives like derivatives launch, international expansion, Base chain launch, and potential Bitcoin ETF approval
- Notes Coinbase's importance amid changes at other crypto exchanges like FTX collapse
- Highlights Coinbase strengths like retail app, listing assets quickly, OTC business, and liquidity depth