Core Viewpoint - Bank of America upgraded Coinbase's investment rating from "Neutral" to "Buy," maintaining a target price of $340, indicating confidence in the company's growth potential despite recent stock price declines [1] Group 1: Stock Performance and Valuation - Coinbase's stock price has fallen approximately 40% from its peak in July of last year [1] - The valuation of Coinbase shares has become cheaper, with the price-to-earnings (P/E) ratio declining by about 40% from July to October of last year [1] - Short interest in Coinbase has increased, with the short ratio doubling year-on-year [1] Group 2: Business Development and Market Expansion - Despite the apparent downturn in the cryptocurrency market in the fourth quarter of last year, Coinbase has accelerated its product development [1] - The total addressable market for Coinbase is expanding, as the company aims to evolve into a "full-service exchange" and cross-sell more products to existing users [1]
大行评级｜美银：看好Coinbase正锐意发展成“全能交易所” 评级升至“买入”
Ge Long Hui·2026-01-09 03:10