Coinbase Stock Rises on Analyst Optimism, Congressional Work on Pro-Crypto Bills
Key Takeaways
- Oppenheimer analysts lifted their price target for cryptocurrency exchange operator Coinbase stock on Sunday.
- The exchange is positioned to benefit from the widespread adoption of digital assets, the brokerage firm said.
- Congress is preparing to discuss three crypto-friendly bills this week that could increase the use of digital assets.
Shares of Coinbase Global rose Monday as bitcoin hovered near highs and Congress prepared to take on a number of cryptocurrency matters in the coming days.
Coinbase (COIN) shares were recently up about 2%. Oppenheimer analysts raised their price target for the crypto exchange operator as Congress was moving to discuss three crypto-friendly bills this week that could increase the use of
