Piper Sandler initiates Coinbase at overweight, says market share growth creates serious upside

's rough start to life as a public company shouldn't scare investors away from betting on one of the leaders in the booming cryptocurrency industry, according to investment firm Piper Sandler., first trading at $381 per share and rising to nearly $430 per share during that initial session. That initial pop dissipated quickly, however, and the stock has traded below $300 per share for most of the past two weeks.

However, long-time Wall Street analyst Rich Repetto initiated coverage of the stock on Friday with an overweight rating, saying in a note to clients that the company was still set to be a leader in fast-growing industry.

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Asian markets climb after Wall Street halts its skidAsian shares rose Friday after Wall Street put the brakes on a three-day losing streak with a broad stock market rally powered by Big Tech companies and banks. wow Asians like to copy the West? 😂 I think we are seeing asset rotation through 5 or 6 top crypto coins vying for top position. Some newcomers grab significant capitalization for brief periods, but without a large network base they fizzle out and fail to deliver value.
Source: MarketWatch - 🏆 3. / 97 Read more »