<< rosenblatt | ALL News

Coinbase started with buy rating at Rosenblatt, despite downside risk from a bitcoin pullback

Coinbase started with buy rating at Rosenblatt, despite downside risk from a bitcoin pullback
Analyst Bio:
No items found.

Coinbase is a long-term buying opportunity despite near-term volatility in the price of cryptocurrency as a growing number of institutions like PayPal adopt new digital coins, Rosenblatt Securities told clients.

“Crypto has reached an inflection point on its road to legitimacy, and we see this as a long-term disruptive trend that is only in its early innings,” analyst Sean Horgan wrote in a note published Tuesday.

Link to full article