Cantor Fitzgerald raises Coinbase price target to $212, keeps overweight

Wall Street investment bank Cantor Fitzgerald raised its price target on Coinbase to $212 from $184 and maintained its overweight rating. Cantor Fitzgerald said the broader crypto ecosystem has been recovering in value, with BTC recently rising to $80,000, and described Coinbase, a U.S. regulation-compliant exchange, as one of the key investment names for institutional investors. The bank added that if BTC’s strength persists, investors’ risk appetite will continue to support Coinbase’s corporate value.

Source: Coinness