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Citi's bullish Coinbase target: 'Buy crypto's general store'
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Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target.
Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given COIN a bullish price target of $415 which is substantially higher than Monday’s closing price of $319.
The analyst stated that the stock offers investors “direct exposure to increased retail and institutional adoption of cryptocurrencies.”
The multinational banking giant sees the potential in Coinbase as the company makes continued efforts to expand its operations beyond just a crypto exchange and into other areas such as NFTs and cold wallet
Read more on cointelegraph.comAbout this in other media
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NFTs could be 'as big or bigger' than all crypto on Coinbase, CEO says cointelegraph.com /3 years ago
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