Coinbase Global
obtained a consensus-breaking upgrade, with one analyst seeing the case of the crypto broker’s shares nearly tripling in the midst of a new bullish streak in the price of
Bitcoin
and other digital assets.
Bo Pei, an analyst at US Tiger Securities, upgraded Coinbase (ticker: COIN) to Buy from Hold, raising his stock price target to $200 from $65 — so far, back became the highest price gain among more than 20 analysts surveyed by FactSet . Coinbase shares closed at $75.14 on Tuesday, and the last time the stock was above $200 was a year ago.
