Coinbase Shares Surge 4% to All-Time High Despite Downgrade
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最新报道：Coinbase shares surged nearly 4% to a 20-month high of $187.39 despite a downgrade from JMP Securities, which lowered its rating from "Market Outperform" to "Market Perform" due to concerns over valuation after the stock's 400% rally since January. The crypto exchange's stock has benefited from Bitcoin's 160% year-to-date rise and optimism around potential SEC approval of a spot Bitcoin ETF. JMP analysts noted Coinbase remains well-positioned in the crypto sector but cited "outsized exposure" to volatile crypto markets as a risk factor. The stock has outperformed major indices, with a 390% gain in 2023 versus the S&P 500's 24% rise.
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