Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate

“We continue to have substantial doubts about the firm’s long term earnings prospects given what we view as an essentially commoditized client offering, a tenuous long-term earnings outlook for cryptocurrency valuations that appears to be largely premised on the Greater Fool Theory rather than inherent value, and meaningful regulatory risk,” analysts led by Patrick O’Shaughnessy wrote.

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• Source: https://www.coindesk.com/tech/2024/03/12/coinbase-gets-another-upgrade-this-time-at-raymond-james-as-bears-capitulate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines