News Explorer — Bernstein Analysts Believe Coinbase's Stock Is Undervalued and Could Potentially Surge 163% As the Market Recovers

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Feb 13, 5:45 pm

Decrypt

Bernstein Analysts Believe Coinbase's Stock Is Undervalued and Could Potentially Surge 163% As the Market Recovers

Despite Coinbase's fourth-quarter earnings falling short of expectations, Bernstein analysts maintain an "outperform" rating for the exchange, citing its resiliency. With a recent 18% rally in shares, the stock is described as "too 'cheap' to sell" at a price target of $440 per share.

Despite Coinbase's fourth-quarter earnings falling short of expectations, Bernstein analysts maintain an "outperform" rating for the exchange, citing its resiliency. With a recent 18% rally in shares, the stock is described as "too 'cheap' to sell" at a price target of $440 per share.

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