Coinbase's Weak Q2 Is a Blip, Not a Breakdown, Says Benchmark
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最新报道：Despite Coinbase's disappointing Q2 results triggering a 16.7% Friday sell-off, Benchmark maintains a bullish outlook, reiterating its $421 price target. Analyst Mark Palmer cites five growth catalysts: the USDC revenue-sharing agreement post-GENIUS Act, expanding institutional services ahead of the CLARITY Act, development of a crypto "super app," decentralized exchange integration, and July's 44% transaction revenue surge to $360 million. The firm views the quarterly miss as temporary, emphasizing Coinbase's long-term potential amid regulatory tailwinds and institutional adoption. Shares rebounded 1.8% in early Monday trading.
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