“Still, COIN remains an attractive story for those that want to buy it on spot price weakness as the company continues to expand, diversify and gain share against the backdrop of a potentially hyper growth TAM,” Canaccord’s Joseph Vafi said in a note, referring to total addressable market, or potential market size. The firm maintained a buy rating and reduced its price target to $275 from $342, citing potential for volatility in Coinbase’s margin profile.
Related posts
-
CoinDesk 20 Performance Update: UNI Falls 8.6% as All Market Constituents Trade Lower
Aptos also joined Uniswap as an underperformer, declining 7.6% from Friday. Source Spread the love -
Bitcoin Technical Analysis: Consolidation Continues as Market Tests Key Levels
Bitcoin’s movement held steady over the past hour, trading between $68,856 and $69,156 in a tight... -
Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000
Este artículo también está disponible en español. Speculations about the Bitcoin bull market being over have...