Coinbase shares are trading higher as the stock rebounds after falling Tuesday following an SEC lawsuit. Canaccord Genuity reinstated coverage of the stock with a Buy rating.
Portfolio Pulse from Benzinga Newsdesk
Coinbase shares are trading higher after falling on Tuesday due to an SEC lawsuit. Canaccord Genuity has reinstated coverage of the stock with a Buy rating.
June 07, 2023 | 5:13 pm
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Coinbase shares are recovering after an SEC lawsuit led to a drop in price. Canaccord Genuity has reinstated coverage with a Buy rating.
Coinbase shares are directly impacted by the news of the SEC lawsuit and the reinstatement of coverage by Canaccord Genuity. The Buy rating from Canaccord Genuity is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100