** Bernstein initiates coverage on cryptocurrency exchange Coinbase Global COIN.O with "outperform" rating
** Brokerage also sets PT at $310, a 64.1% upside to stock's last close
** Says COIN remains the dominant platform (66% U.S. market share) to ride the regulatory tailwinds to drive crypto industry to American financial mainstream
** Adds that a strong bull market and rising U.S onshore dominance can more than offset any competitive market share and pricing pressures
** "COIN has done well to build a suite of crypto financial services beyond trading, particularly market leading share in USD stablecoins, crypto yield services such as staking," says brokerage
** Twelve of 27 brokerages rate stock "buy" or higher, 15 "hold"; median PT is $334.5, according to data compiled by LSEG
** Stock down ~24% YTD, as of last close; it rose nearly 43% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。