Bernstein: Not concerned about Coinbase's second-quarter performance, optimistic about its performance in the second half of the
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最新报道：According to a report from Bijie.com, Coinbase's stock price plummeted over 15% after the release of its latest financial report on Thursday. However, brokerage firm Bernstein warned investors not to overreact, stating that "the second quarter was an insignificant quarter" for the cryptocurrency exchange. Bernstein believes that given that the overall digital asset market only began to recover in July, its performance is largely insignificant and is optimistic about its performance in the second half of the year. In a note to clients on Friday, Bernstein analyst Gautam Chhugani noted that Coinbase's trading activity rebounded significantly in July, with trading revenue reaching $360 million, a 44% increase from the second quarter's monthly average. Therefore, he reiterated his "outperform" rating on Coinbase's stock and maintained a target price of $510.
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