JPMorgan Chase has upgraded its rating for Coinbase stock from "underweight" to "neutral".
According to BlockBeats news on February 15th, Morgan Stanley has upgraded its rating on Coinbase (COIN) from "underweight" to "neutral" in a research report on Thursday. This reflects the recent rise in cryptocurrency prices after the approval of a Bitcoin ETF in the United States. The report predicts that the increase in cryptocurrency prices will boost Coinbase's trading activity and profitability in the first quarter. Morgan Stanley has upgraded the stock from "underweight" to "neutral", but the target price remains unchanged at $80.