Wall Street brokerage firm Cantor rates Coinbase as overweight

Odaily News Wall Street brokerage Cantor rated cryptocurrency exchange Coinbase as overweight with a target price of $245, and the stock rose more than 5% in early trading. Analysts Brett Knoblauch and Thomas Shinske pointed out that Coinbase has performed well in L2 (Base) and its stablecoin relationship with Circle, and the stock price is attractive at the current level. Once investors have a better understanding of the profit potential of Base and stablecoins, Coinbase's stock price is expected to rise again. (CoinDesk)