Coinbase Closes in on Target Price as Analysts Praise Exchange's Growth and Profit Margins
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最新报道：Coinbase shares surged to a record high of $237 per share, marking a 15% intraday gain as Bitcoin surpassed $57,000. Analysts attribute the rally to growing institutional interest in crypto, with Coinbase benefiting from increased trading volumes and custody services. The exchange reported $904 million in Q4 revenue, beating estimates, while JPMorgan upgraded its price target to $220, citing strong fundamentals. Bitcoin's resurgence, fueled by ETF inflows and macroeconomic optimism, has lifted crypto-related stocks. Analysts highlight Coinbase's expanding role in institutional crypto adoption, including its custody of over 90% of Bitcoin ETF assets.
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