{"id":25855,"date":"2024-01-27T03:47:42","date_gmt":"2024-01-27T03:47:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-stock-rises-on-back-of-analyst-upgrade\/"},"modified":"2024-01-27T03:47:42","modified_gmt":"2024-01-27T03:47:42","slug":"coinbase-stock-rises-on-back-of-analyst-upgrade","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-stock-rises-on-back-of-analyst-upgrade\/","title":{"rendered":"Coinbase Stock Rises on Back of Analyst Upgrade"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>US-based cryptocurrency exchange Coinbase can expect to see its stock surging following an upgrade by investment bank Oppenheimer to an \u201coutperform\u201d rating. A recent <a href=\"https:\/\/finance.yahoo.com\/news\/tesla-downgraded-coinbase-upgraded-wall-143323842.html\">report<\/a> from Yahoo Finance reveals Oppenheimer\u2019s projection of the company\u2019s stock value potentially reaching $160.<\/p>\n<p>Owen Lau, an analyst at Oppenheimer, explained the positive outlook in a research note. He believes Coinbase\u2019s success hinges on two key factors: the outcome of its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) and the broader adoption of digital assets. Lau is optimistic about Coinbase either winning the lawsuit or the court dismissing it.<\/p>\n<p>Additionally, Lau points to various factors that could boost Coinbase\u2019s performance. These include possible interest rate cuts, Bitcoin\u2019s (BTC) expected halving in April, and the increasing embrace of digital assets. In a statement to MarketWatch, Lau said, \u201cWe believe Coinbase can prevail in the lawsuit, and there is a good chance that the court will dismiss all or part of this complaint\u2026 We believe a rate cut, halving, and further adoption can boost the top and bottom lines for COIN over the next two years.\u201d<\/p>\n<p>Coinbase found itself at the <a href=\"https:\/\/igaming.org\/crypto\/coinbase-faces-sec-in-court-insights-and-implications\/\">center<\/a> of an SEC lawsuit in June 2023. The SEC accused the crypto exchange of selling unregistered securities, claiming jurisdiction over the digital assets listed on its platform.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/coinbase-stock-rises-on-back-of-analyst-upgrade\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) US-based cryptocurrency exchange Coinbase can expect to see its stock surging following an upgrade by investment bank Oppenheimer to an \u201coutperform\u201d rating. A recent report from Yahoo Finance reveals Oppenheimer\u2019s projection of the company\u2019s stock value potentially reaching $160. Owen Lau, an analyst at Oppenheimer, explained [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":25856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25855"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25855"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}