Tiger Securities Upgrades Coinbase to Buy, Says Worst of Crypto Bear Market May Have Passed
JH Kim
Forecast Trend Report by Period
Tiger Securities upgraded Coinbase Global Inc. (COIN) to Buy from Hold.
Walter Bloomberg reported on July 7 that Tiger Securities set a $200 price target on Coinbase.
The brokerage said Bitcoin's risk-reward profile has improved following the recent sharp correction and that the worst phase of the crypto bear market may already have passed.
It added that the next upcycle will be driven by a recovery in liquidity, broader institutional inflows and improving investor sentiment.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.