Coinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'

Coinbase’s fourth-quarter earnings fell short of Wall Street expectations on Thursday, but the price of COIN is surging Friday in the aftermath—and asset manager Bernstein says investors are overlooking the exchange’s resiliency. Despite being exposed to a volatile crypto market, Bernstein analysts led by Gautam Chhugani maintained an “outperform” rating for Coinbase in a Friday note. They reiterated a price target of $440 per share after lowering it from $510 per share last month, and described the stock a ...