What’s Going On With Coinbase Stock As Bitcoin Rallies?
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher Monday as Bitcoin trades at all-time highs. The Details: Shares of several crypto-related companies, including Coinbase, are trading higher as the recent crypto rally continues, and Bitcoin is trading above the $72,000 level. Goldman Sachs analyst Will Nanceupgraded Coinbase from Sell to Neutral and raised the price target from $170 to $282 on Friday. The analyst noted the recent rally has been driven by the Bitcoin halving event, the launch of BTC ETFs and increased political and geopolitical uncertainty. Goldman Sachs also highlig…