Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength

12
Comment
Favorite

Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength

Seeking Alpha02-15

Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

壮志高飞
·02-15
All these so called professional analyst. Only make good call after price surged so much lol. We also can be analyst 😂
Reply
5
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1145455709?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-15 22:47","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"1145455709","market":"us","top_or_hot":-1,"title":"Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength","media":"Seeking Alpha","content":"<div>\n<p>Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-15 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength","article_id":"1145455709","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145455709","pubTimestamp":1708008450,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Coinbase Global (NASDAQ:COIN) stock advanced 6.2% in Thursday premarket trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"J.P.之后，比特币基地股价上涨7%摩根士丹利将比特币强势上调至中性","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1.1},"content_text":"Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the last three months.Bitcoin (BTC-USD), the largest market cap crypto, has jumped 38% since Nov. 14. In Thursday trading, BTC is trading up 1.5% at ~$52.4K.Analyst Kenneth Worthington had been concerned that market enthusiasm for crypto would deflate after the launch of bitcoin ETFs in January. \"However, what was initially a sell-the-news event with the launch of U.S. bitcoin spot ETFs, has now turned into meaningful bitcoin price appreciation,\" he wrote in a note to clients.The analyst figures that bitcoin appreciation is increasing spot bitcoin ETF flows, which is propelling bitcoin prices higher, and spreading to other tokens as well.\"Given the acceleration in recent days of flows into bitcoin ETFs and the significant price appreciation of bitcoin and now ethereum, we are returning to a Neutral rating on Coinbase (COIN) as we see the higher cryptocurrency prices not only sustaining, but improving, activity levels and Coinbase's earnings power as we look to 1Q24,\" Worthington noted.The Neutral rating aligns with the SA Quant rating, the average SA Analyst rating, and the average Wall Street rating.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[{"id":274289934270624,"gmtCreate":1708003108462,"gmtModify":1708003113438,"author":{"id":"3554819591940598","authorId":"3554819591940598","name":"壮志高飞","avatar":"https://static.tigerbbs.com/d49448839db6ec13a56ec95df9761db9","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1},"htmlText":"All these so called professional analyst. Only make good call after price surged so much lol. We also can be analyst 😂","listText":"All these so called professional analyst. Only make good call after price surged so much lol. We also can be analyst 😂","text":"All these so called professional analyst. Only make good call after price surged so much lol. We also can be analyst 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/274289934270624","repostId":1145455709,"repostType":2,"repost":{"id":"1145455709","pubTimestamp":1708008450,"share":"https://www.laohu8.com/m/news/1145455709?lang=&edition=full","pubTime":"2024-02-15 22:47","market":"us","language":"en","title":"Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength","url":"https://stock-news.laohu8.com/highlight/detail?id=1145455709","media":"Seeking Alpha","summary":"Coinbase Global (NASDAQ:COIN) stock advanced 6.2% in Thursday premarket trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices","content":"<html><head></head><body><p>Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the last three months.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cfa26b386c3af3e035d0756810aa5a\" tg-width=\"843\" tg-height=\"622\"/></p><p style=\"text-align: left;\">Bitcoin (BTC-USD), the largest market cap crypto, has jumped 38% since Nov. 14. In Thursday trading, BTC is trading up 1.5% at ~$52.4K.</p><p style=\"text-align: left;\">Analyst Kenneth Worthington had been concerned that market enthusiasm for crypto would deflate after the launch of bitcoin ETFs in January. &#34;However, what was initially a sell-the-news event with the launch of U.S. bitcoin spot ETFs, has now turned into meaningful bitcoin price appreciation,&#34; he wrote in a note to clients.</p><p style=\"text-align: left;\">The analyst figures that bitcoin appreciation is increasing spot bitcoin ETF flows, which is propelling bitcoin prices higher, and spreading to other tokens as well.</p><p style=\"text-align: left;\">&#34;Given the acceleration in recent days of flows into bitcoin ETFs and the significant price appreciation of bitcoin and now ethereum, we are returning to a Neutral rating on Coinbase (COIN) as we see the higher cryptocurrency prices not only sustaining, but improving, activity levels and Coinbase&#39;s earnings power as we look to 1Q24,&#34; Worthington noted.</p><p style=\"text-align: left;\">The Neutral rating aligns with the SA Quant rating, the average SA Analyst rating, and the average Wall Street rating.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Stock Jumps 7% After J.P. Morgan Upgrade to Neutral on Bitcoin Strength\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-15 22:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/news/4067534-coinbase-stock-jumps-after-jp-morgan-upgrade-to-neutral-on-bitcoin-strength","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1145455709","content_text":"Coinbase Global (NASDAQ:COIN) stock advanced 7.2% in morning trading after J.P. Morgan upgraded the cryptocurrency exchange to Neutral from Underweight to reflect the surge in crypto prices over the last three months.Bitcoin (BTC-USD), the largest market cap crypto, has jumped 38% since Nov. 14. In Thursday trading, BTC is trading up 1.5% at ~$52.4K.Analyst Kenneth Worthington had been concerned that market enthusiasm for crypto would deflate after the launch of bitcoin ETFs in January. \"However, what was initially a sell-the-news event with the launch of U.S. bitcoin spot ETFs, has now turned into meaningful bitcoin price appreciation,\" he wrote in a note to clients.The analyst figures that bitcoin appreciation is increasing spot bitcoin ETF flows, which is propelling bitcoin prices higher, and spreading to other tokens as well.\"Given the acceleration in recent days of flows into bitcoin ETFs and the significant price appreciation of bitcoin and now ethereum, we are returning to a Neutral rating on Coinbase (COIN) as we see the higher cryptocurrency prices not only sustaining, but improving, activity levels and Coinbase's earnings power as we look to 1Q24,\" Worthington noted.The Neutral rating aligns with the SA Quant rating, the average SA Analyst rating, and the average Wall Street rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}