Coinbase Shares Slump With Crypto Prices as Binance.US Starts Zero-Fee BTC Trading
— Palmer, Shares, Btc, Misguided, Zerofee, Starts — 1 min read
Palmer reiterated a buy recommendation and lowered his price target on Coinbase to $290 from $380. Palmer: “Any notion that COIN would be unable to survive this latest challenge is misguided in light of the facts on the ground,” Palmer wrote. Palmer reiterated his buy recommendation for the crypto-trading firm. He reiterated a sell recommendation and lower price target for the company from $290 to $380. Palmer: "We are not at all dismissive of the impact of the current crypto market downturn, we also believe any notion that... COIN... would... be unable... to survive... is misguided" Source