Coinbase, Robinhood Upgraded by Barclays Analyst, Citing ‘Matured’ Business Models
British banking giant Barclays has upgraded both Coinbase (COIN) and Robinhood (HOOD) to equal weight from underweight, citing better business models.
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British banking giant Barclays has upgraded both Coinbase (COIN) and Robinhood (HOOD) to equal weight from underweight, citing better business models.
The stock was the second worst performing among crypto stocks on Thursday.
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
Bitcoin slipped below $42,000 on Friday, stalling below its yearly high.