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Wednesday, 04/21/2021 10:26:38 AM

Wednesday, April 21, 2021 10:26:38 AM

Post# of 4152
From today's news:

Rosenblatt's Horgan is bullish on long-term upside, but is more cautious near-term give risk of pullback in cryptocurrency prices

Coinbase Global Inc. received yet another bullish endorsement from a Wall Street analyst on Wednesday, with Rosenblatt Securities analyst Sean Horgan expects the cryptocurrency exchange stands to be a "long-term category leader."

Horgan initiated coverage of Coinbase with a buy rating and a stock price target of $450, which is about 46% above current levels.

That keeps it unanimous, as all six analysts surveyed by FactSet have the equivalent of buy ratings on Coinbase. The average price target is $509.00, which is more than double the $250 reference price (https://www.marketwatch.com/story/coinbase-reference-price-set-at-250-as-it-prepares-to-go-public-wednesday-11618353455) established when the stock went public last week.
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