Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.

Coinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial

The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump’s tariff policy and macroeconomic uncertainty as the reason behind the weak quarter.

Coinbase shares fell as first-quarter revenue came in shy of Wall Street's expectations, despite the growth in stablecoin revenue.In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share,

The S&P 500 climbed 0.7%, coming off an even bigger gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations. The Dow Jones Industrial Average fell 269 points, or 0.6%, and the Nasdaq composite jumped 1.6% as AI and other tech stocks led the way.

The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.

AsianFin— Coinbase shares surged nearly 24% on Monday after S&P Dow Jones Indices announced the cryptocurrency exchange will be added to the S&P 500 Index, replacing Discover Financial Services. The change will take effect before markets open on May 19.

U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month

U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month.

Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.