Why Coinbase Stock Surged Today
Portfolio Pulse from Ryan Gustafson
Coinbase Global, Inc. (NASDAQ:COIN) shares surged after a U.S. judge ruled that Ripple (XRP/USD) sales do not constitute an offer of investment contracts. This decision is likely to impact the entire crypto industry. Coinbase also received two price target changes from Barclays and B of A Securities. Shares of COIN were up 23.5% at $106.16.
July 13, 2023 | 7:48 pm
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Coinbase shares surged after a favorable legal ruling for the crypto industry and price target changes from Barclays and B of A Securities.
The legal ruling is a positive development for the crypto industry, which could boost Coinbase's business. The price target changes from Barclays and B of A Securities also indicate a positive outlook for the company.
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