Exchange Coinbase Rallies Ahead of Q2 Results, but Major Questions Remain

“​​It misses the significant diversity within retail, underestimating the power of simplicity,” said Brendler in a note to clients. “Despite below-consensus expectations for Q2 and beyond, we’re sticking with Coinbase as we believe the 2022 ‘crypto winter’ will ultimately work to its advantage.” He has a buy rating and $90 price target on the stock.

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