Why this analyst says Coinbase is going to $500

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CNBC Television published this video item, entitled “Why this analyst says Coinbase is going to $500” – below is their description.

CNBC’s “Closing Bell” team discusses why BTIG is bullish on the Coinbase with analyst Mark Palmer of BTIG, who initiated a buy on the stock with a $500 price target.

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    Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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