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Benzinga
Benzinga
Business
Samyuktha Sriram

Does Coinbase Carry A 'Hidden Value' In $6.6B Ventures Business?

Coinbase Ventures Oppenheimer CoinDesk Coinbase Global Inc

Coinbase Global Inc (NASDAQ: COIN) has hidden value that is yet to be realized through its Ventures business, according to Oppenheimer analysts, CoinDesk reported on Monday.

The Coinbase Analyst: Oppenheimer analysts arrived at an 'outperform' recommendation for Coinbase shares with a price target of $377. They believe the stock is likely to move in tandem with the price of Bitcoin (CRYPTO: BTC) and macroeconomic pressure.

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