Coinbase, S&P 500
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Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.
Coinbase shares fell as first-quarter revenue came in shy of Wall Street's expectations, despite the growth in stablecoin revenue.In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share,
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.
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Cryptopolitan on MSNCoinbase joins the S&P 500 with goals of dominating Wall StreetCoinbase is getting pulled into the core of traditional finance. On Monday, the company was picked to join the S&P 500, replacing Discover Financial
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
U.S. markets regained more ground yesterday and global stocks were mixed today prior to the opening bell in New York. Analysts are bullish as the macro data continues to suggest fertile territory for stocks.
U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month
Coinbase stock jumped as much as 18% as the crypto platform was set to make history as the first and only crypto company to be included in the S&P 500.
U.S. stocks are rising following an encouraging report that showed inflation unexpectedly slowed across the country last month.
Bitcoin eyes $120K as Wall Street deepens crypto exposure. Can Coinbase's S&P 500 debut and ETF buzz drive BTC's next breakout?