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Needham raises Coinbase stock's price target to $420 a share amid altcoin trading spike. https://t.co/O2crr3jGMK
Needham & Co. analyst John Todaro raised Coinbase's price target to $420 from $375 on Monday, reiterating a "buy" rating. Here's why. https://t.co/aid7AYCTP8
Coinbase Eyes $420 Amid Record Trading Surge With Bitcoin topping $100K and altcoins rallying, Coinbase’s December volumes are on track to hit $435B, a stunning 137% jump from Q3. Altcoin listings, including memecoins like GIGA and MOG, are driving unique volume growth - a… https://t.co/t7b2028vO9
Needham & Company has raised its price target for Coinbase Global Inc. to $420 per share from $375, citing a significant increase in trading volumes and altcoin activity. This adjustment comes as Bitcoin has surpassed $100,000, driving a surge in retail trading and pushing Coinbase's December volumes towards an estimated $435 billion, a 137% increase from the third quarter. Analyst John Todaro reiterated a 'buy' rating, highlighting the momentum in altcoin trading, including memecoins like GIGA and MOG, as key drivers of this growth.