Cantor Fitzgerald Lifts Coinbase Target Price to $212 Amid Ongoing Bullish Outlook

Cantor Fitzgerald analyst Ramsey El Assal has reaffirmed his buy rating on Coinbase (COIN.US) and increased his target price to $212. This revised estimate is higher than his previous target of $184.

The analyst's success rate over the past year is 49.7%, with a total average return of -1.3% according to TipRanks data. The rating system provides analysis from financial analysts and calculates the Average Returns and Success Rates of their recommendations.

El Assal's maintained buy rating on Coinbase suggests that the analyst remains bullish on the company's prospects, despite some volatility in the cryptocurrency market.