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Benzinga
Benzinga
Business
Shanthi Rexaline

3 Bitcoin, Fintech Plays That Can 2x From Current Levels? Why This Analyst Is Bullish On Block, Coinbase, PayPal

COIN Coinbase PayPal Block Joseph Vafi Bitcoin Nasdaq fintech NYSE Block, Inc.

Payment processors Block Inc. (NYSE:SQ) and PayPal Holdings Inc. (NASDAQ:PYPL) and cryptocurrency exchange Coinbase Global Inc. (NYSE:COIN) announced their quarterly results late on Thursday.

What Happened: CANACCORD Genuity analyst Joseph Vafi maintained a Buy rating and $150 price target for Block shares. The analyst also retained a Buy rating and $160 price target for PayPal. For Coinbase, Vafi kept his Buy rating and $120 price target. Vafi's price targets imply an upside of at least 100% to each of the three stocks from Thursday's closing levels.

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