HCW analyst increases the course target for coinbase share after a strong first quarter
HCW analyst increases the course target for coinbase share after a strong first quarter
- Coinbase reported strong results for his first financial quarter last week.
- HCW analyst Mike Colonnese now sees an increase from "Coin" to $ 77.
- The Coinbase share has already increased by about 85 % compared to the beginning of the year.
Coinbase Global Inc has an upward trend this morning after an analyst from HC Wainwright has raised its price target for the largest US crypto exchange.
The Coinbase share has an upward potential of $ 77 $
Mike Colonnese now sees an upward potential of the coin base share to $ 77, which indicates that it could increase by another 25 % from here.
The bullish reputation only comes a few days after the crypto company has reported solid results for his company Financial quarter . What particularly inspired these analysts was the improvement of the retail purchase rate.
Coinbase increased the spreads to achieve a sequential increase in the mixed average retail attack rate by over 13 basis points to 1.68 %. Therefore we consider his power to be very encouraging.
Colonnese is optimistic Coinbase Prime Record quantities were also recorded here in the first quarter. The shares of Coinbase Global Inc. have already risen by 85 % in the reporting year.
Coinbase shares have a positive risk yield ratio
The analyst of HC Wainwright now assumes that the company noted at Nasdaq will generate sales of $ 3.04 billion this year.
At the beginning of this year, Coinbase received a " Wells-Einche-Einche "" from the US stock exchange supervisory authority Securities and Exchange Commission. However, Colonnese remains constructive, based on the executives' statements in the profit notification.
Management said that the company was 100 % committed to the United States and was optimistic that the United States will implement crypto regulation correctly, and referred to the strong party support in the introduction of new laws.
All in all, he sees a positive risk yield ratio of the Coinbase share, especially in view of the continued recovery of crypto prices as a whole and the
Source: Coinlist.me
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