Benzinga - Coinbase Global, Inc. (NASDAQ: COIN) shares are volatile on Friday amidst increased activity in the overall crypto market.
What To Know:
On Thursday, a U.S. judge ruled that Ripple (CRYPTO: XRP) sales do not constitute an offer of investment contracts. Several crypto tokens surged following the court's decision, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Ripple (CRYPTO: XRP).
Coinbase relisted Ripple (XRP) on its exchange after the decision was announced, and COIN shares gained more than 35% on Thursday.
On Friday, Wedbush analyst Moshe Katri maintained Coinbase with a rating of Outperform and raised the COIN price target from $75 to $110.
Coinbase Global will release its second quarter financial results after market close on August 3 and will hold a question and answer session to discuss the results at 5:30 p.m. ET the same day.
Related News: What's Going On With Nvidia Stock Friday?
COIN Price Action: According to data from Benzinga Pro, Coinbase shares are trading 1.53% higher at $108.63 at the time of publication.
Image: WorldSpectrum from Pixabay
Send To MSN: 0 © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.