“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 Teorija velikih norcev rather than inherent value, and meaningful regulatory risk,” analysts led by Patrick O’Shaughnessy wrote.
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- vir: 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
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