![]() ![]() Earlier this year, Coinbase received a Wells notice from the Securities and Exchange Commission threatening to sue the company over potential securities violations. Bank of America's Jason Kupferberg, who rates the stock as underperform, said "the fundamental medium/long-term questions around COIN's core business remain." He added that, "We maintain our cautious view on COIN as we continue to think retail crypto volumes will remain weak and the regulatory overhang will linger for some time." An uncertain regulatory outlook One of the biggest concerns for analysts is the uncertain regulatory environment for the company. ![]() ![]() He did raise his price target on Coinbase to $43 from $40, but that still implies downside of more than 10%. But even with this seemingly intact near-term outlook, Wells Fargo's Jeff Cantwell warned that both the medium and long-term trajectory appears constrained, calling the regulatory backdrop a "major roadblock." COIN 1D mountain Coinbase shares pop on earnings Cantwell reiterated an underweight rating on the stock. ![]() The stock traded up more than 8% in premarket trading on the news, due in part to a smaller-than-expected loss. Personal Loans for 670 Credit Score or LowerÄespite Coinbase Global 's better-than-expected quarter, many analysts remain cautious on the crypto exchange's longer-term outlook, viewing the regulatory and legal backdrop as a major obstacle for shares. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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