Coinbase, S&P 500
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Wall Street rises again
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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 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 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.
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Cryptopolitan on MSNCoinbase joins the S&P 500 with goals of dominating Wall StreetCoinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial
U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
U.S. markets regained more ground yesterday and global stocks were mixed today prior to the opening bell in New York. Analysts are bullish as the macro data continues to suggest fertile territory for stocks.
Bitcoin eyes $120K as Wall Street deepens crypto exposure. Can Coinbase's S&P 500 debut and ETF buzz drive BTC's next breakout?