Rosenblatt Securities Sticks to Buy Rating for Coinbase with $240 Target

Rosenblatt Securities analyst Chris Brendler has maintained his buy rating for Coinbase (COIN.US) and stuck to his target price of $240. According to TipRanks, Brendler's past year performance shows a success rate of 51.3% and an average total return of 25.7%. This suggests that the analyst's recommendations have been profitable in the long run.

Brendler's success is not just based on his individual ratings, but also on the performance of TipRanks' virtual portfolio. The data shows that the portfolio has earned a positive return from Coinbase stock based on Brendler's preliminary rating.