Bank of America Raises Coinbase Investment Rating
CryptoNewsTerminal Staff17 May, 2024
Bank of America Raises Coinbase Investment Rating
Bank of America (BofA) has upgraded its investment rating on US-based cryptocurrency exchange Coinbase (ticker: COIN) from "underperform" to "neutral". This improvement in outlook reflects a more positive sentiment towards Coinbase and the broader cryptocurrency market, according to a Coindesk report. Additionally, BofA raised its price target for COIN from $110 to $217, indicating a potential upside for investors.