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Bank of America upgrades Coinbase

CRYPTOnite

2022-01-08 (13:12:13)

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Coinbase stock (COIN) was struggling from the start of the year. Then, Bank of America analyst Jason Kupferberg upgraded Coinbase from neutral to buy while keeping the price target unchanged at $340, which is 45% above where the stock closed on Wednesday.

BofA believes that they will get an increase in revenue when it comes to subscriptions and services.

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