Bernstein: Maintain Coinbase's target price at $510, with limited impact from second-quarter results
a day ago

According to Odaily Planet Daily, Bernstein analysts maintained their $510 price target for Coinbase in their latest research report, despite the company's stock price falling over 15% following the release of its earnings report. The analysts believe that the second-quarter performance will have a limited impact on the company's outlook, and they prioritize the positive signal of a 44% month-over-month increase in trading activity in July.

Bernstein predicts that as structural changes in the stablecoin and asset tokenization sectors progress, the market will experience greater volatility in the second half of the year, with trading focus shifting to blockchain assets and financial tokens such as Ethereum and Solana. (The Block)

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