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Rosenblatt Sticks with Coinbase 'Buy' Rating Ahead of Earnings

Guavy AI Editorial Team
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Rosenblatt has reaffirmed its 'Buy' rating on Coinbase Global Inc. (NASDAQ:COIN) ahead of its upcoming earnings report, scheduled for July 30.

The firm maintains a $240 price target based on its 2027 adjusted EBITDA estimate, which it believes will be driven by the company's growing product offerings and increasing revenue from derivatives and prediction markets.

Rosenblatt notes that despite expectations of weak second-quarter results, the stock has potential for upside due to its expanding business lines.

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