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DA Davidson Raises Coinbase Price Target to $440 From $195 After Q1 Earnings

DA Davidson Raises Coinbase Price Target to $440 From $195 After Q1 Earnings

Crypto exchange Coinbase’s blowout Q1 earnings results led investment bank DA Davidson to up its price target for the company’s soon-to-be-direct-listed shares by 125%. Rating COIN a “buy,” Davidson raised the exchange’s share price target from $195 to $440, which is a 20x multiple of its expected 2021 revenue.








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