Analyst: Coinbase is the Amazon of Crypto Stocks

Coinbase Global Inc (NASDAQ:COIN) stock is trading at its highest level since April 2022, after JMP Securities called the firm the Amazon.com (AMZN) of the cryptocurrency sector, and almost doubled its price target.Mizuho earlier raised its price objective to $54 from $35, too. More bull notes could be coming, considering the stock's 12-month target price of $109.64 is a 34.8% discount to current levels. COIN also looks overdue for upgrades, with 15 of the 22 covering analysts rating it a "hold" or worse.A ...