From Investing.com:

JPMorgan upgrades Coinbase (COIN) to neutral from Underweight, citing Bitcoin surge as reason for the upgrade. Maintains $80 price target on the stock. Concerns about unrealistic optimism for new money in crypto market via U.S. Bitcoin spot ETFs turned into meaningful Bitcoin price appreciation. Bank sees higher cryptocurrency prices improving Coinbase’s earnings power.



Read more: Coinbase upgraded at JPMorgan following Bitcoin rally By Investing.com