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Home BlockchainCoinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'
Blockchain

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

by Decrypt
written by Decrypt 0 comments
Coinbase Stock Surges After Q4 Miss as Analysts Call It 'Too Cheap to Sell'

In brief

  • Bernstein analysts maintained a $440 price target for Coinbase.
  • The exchange’s shares have tumbled nearly 50% in six months.
  • The company’s Q4 performance fell short of Wall Street expectations.

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…

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