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Clinton White House Staffer And OpenAI Executive Chris Lehane Joins Coinbase Board

Chris Lehane, a leading Democratic strategist and former member of the Bill Clinton White House, is set to join the board of directors at leading cryptocurrency exchange Coinbase Global Inc. (NASDAQ...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc. - COIN

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Coinbase Global, Inc. - COIN SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of...

Former Solicitor General Paul Clement joins Coinbase board

The meteoric rise of the $2 trillion crypto industry is becoming a magnet for seasoned legal minds.Paul Clement, the former solicitor general under the Bush administration and veteran Supreme Court...

Bitcoin Demand From US Investors Wanes: 'Zoom Out And Size Accordingly,' Expert Tells Benzinga

The Bitcoin (CRYPTO: BTC) Coinbase Premium Index has turned negative, signaling a decrease in demand from U.S. investors.
read more...

Coinbase UK unit fined $4.5 million by British regulator over 'high-risk' customer breaches

U.K. regulators fined Coinbase's U.K. arm 3.5 million ($4.5 million) on Thursday over breaches of a voluntary agreement designed to stop the cryptocurrency exchange onboarding "high-risk customers...

Coinbase potentially set to launch tokenized money-market fund following BlackRock's success

Cryptocurrency Price Movements Today: Ether ETFs' Quiet Debut, Bitcoin ETFs See Outflows

Julie Bang / Investopedia

 Key TakeawaysBitcoin is closing in on $67,000 again as ether fell to $3,400.Spot ether ETFs saw $1 billion worth of trading and $107 million of inflows on their...

Biden's Exit Spurs Bullish Outlook? Citi Upgrades Coinbase Amid Favorable Crypto Regulatory Shifts

Investment bank Citi upgraded shares of cryptocurrency trading platform, Coinbase Global Inc. (NASDAQ: COIN), from neutral to buy, anticipating an improved regulatory landscape for cryptocurrency...

The market can be a fickle beast, and this week is a prime example. While Wall Street analysts are showering upgrades on Snap (SNAP), Coinbase (COIN), and Krispy Kreme (DNUT), retail investors on Stocktwits aren't exactly joining the party. Let's dissect this disconnect and see what's brewing beneath the surface.Snap: Mixed Bag of Optimism &amp; Caution<figure class="image"><img style="aspect-ratio:1322/316;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/SNAP_Stocktwits_sentiment_Jul_23_ea1bbb58c9.png" alt="SNAP Stocktwits sentiment Jul 23.png" width="1322" height="316"><figcaption>SNAP Stocktwits sentiment Jul 23</figcaption></figure>Morgan Stanley upgraded Snap from Underweight to Equal Weight and hiked its price target to $16 from $12, citing improvements in the company's ad business. Despite this, retail sentiment on Stocktwits remains neutral (51/100), a modest improvement from extremely bearish levels (28/100) observed the day before. The stock price dipped on Tuesday, likely as an overhang from former President <a href="https://www.reuters.com/technology/trump-says-im-tiktok-potential-us-ban-looms-2024-07-16/">Trump's pro-TikTok comments</a> last week and the recently announced plan to raise $650 million via a debt offering. However, it's worth noting that Snap has a recent track record of exceeding EPS estimates, with Q2 earnings on the horizon.Coinbase: Regulatory Relief or Political Rollercoaster?<figure class="image"><img style="aspect-ratio:1326/322;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/COIN_Stocktwits_sentiment_Jul_23_03cffdf2c1.png" alt="COIN Stocktwits sentiment Jul 23.png" width="1326" height="322"><figcaption>COIN Stocktwits sentiment Jul 23</figcaption></figure>Citi upgraded Coinbase to Buy, raising the price target to $345 from $260, citing a potential softening of regulatory hurdles. However, retail sentiment on Stocktwits has shifted to neutral (46/100), down from very bullish levels (75/100) observed previously. Recent bullish posts link potential gains to a scenario where Trump might seek to accommodate crypto investors, especially after accepting crypto donations. But with Joe Biden exiting the 2024 race and Kamala Harris stepping in, the narrative has shifted. A recent <a href="https://www.cnbctv18.com/world/what-initial-polling-data-show-about-the-trump-harris-matchup-19448085.htm">poll</a> shows Harris narrowly trailing Trump, raising concerns about the future regulatory landscape for crypto. The stock was down over 2% at $259.56.Krispy Kreme: Restructuring Amidst Mixed Sentiments<figure class="image"><img style="aspect-ratio:1324/314;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/DNUT_Stocktwits_sentiment_Jul_23_141fcae8a7.png" alt="DNUT Stocktwits sentiment Jul 23.png" width="1324" height="314"><figcaption>DNUT Stocktwits sentiment Jul 23</figcaption></figure>HSBC upgraded Krispy Kreme to Buy, praising its move towards a slimmer operation by selling its majority stake in Insomnia Cookies. Despite this positive move, retail sentiment on Stocktwits remains bearish (35/100), though it has improved slightly from extremely bearish levels (22/100) a day ago. While the sale potentially streamlines operations, it's unclear how it will impact long-term growth. Additionally, the stock faces headwinds from inflation-driven consumer spending habits, causing some investors to remain cautious. While some bullish posts see the stock as consolidating ahead of upcoming earnings, others remain skeptical, focusing on shorting the stock following its recent move higher.Image by <a href="https://pixabay.com/users/geralt-9301/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=8714005">Gerd Altmann</a> from Pixabay&nbsp;

Snap, Coinbase, Krispy Kreme: Why Retail Isn’t As Bullish As Wall Street Analysts On These 3 Stocks

Retail investors are weighing recent developments and broader economic conditions with greater skepticism.

Equity

While institutional upgrades offer a vote of confidence, retail investors are weighing recent developments and broader economic conditions with greater skepticism.  

This Coinbase Global Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Latest Ratings for COIN
 DateFirmActionFromTo Mar 2022Goldman SachsMaintainsBuy Feb 2022Compass PointMaintainsNeutral Feb 2022Canaccord GenuityMaintainsBuy
 View More Analyst Ratings for COIN...

Coinbase Global, Inc. engages in technology and financial infrastructure products and services. It offers crypto-powered technologies including self-custody wallets, decentralized apps and services, and open community engagement platforms. The company was founded by Brian Armstrong in May 2012 and is headquartered in Wilmington, DE.

Volume	7.91M
52-Wk High	$283.48
52-Wk Low	$69.63

COIN Coinbase Global Inc

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