Coinbase Upgraded To Outperform By Oppenheimer | Bitcoin Tops At $41K

Coinbase shares receive a boost as Oppenheimer upgrades the stock to outperform from perform, setting a price target at $160 per share.

The $160 target influences the broader crypto market, impacting names like Marathon.

Despite concerns about the $40,000 level, Bitcoin not only regained it but surpassed, currently up by about 3%.

The markets reflect optimism as Bitcoin’s pressure eases, influenced by the recent SEC decision.

Now above $41,000, the question is its potential climb towards the $46,000-$47,000 range seen recently.

Coinbase benefits from Oppenheimer’s upgrade, attributed to catalysts like the prospect of stronger earnings and improving fundamentals.

The new $160 price target represents a $40 increase from the current trading level.

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