Summary
- Mizuho Securities reported that Coinbase’s trading volume rebounded in July.
- Mizuho Securities maintained a neutral investment rating while announcing an increase in its price target from $217 to $267.
- Coinbase’s Q2 consumer spot trading volume and trading revenue decreased by 45% and 39% respectively.
Mizuho Securities has raised its outlook on the stock price of the cryptocurrency exchange Coinbase.
According to a report by The Block on the 6th (local time), Mizuho Securities stated in its report, “While Coinbase’s trading volume this quarter was sluggish, it rebounded in July,” maintaining its neutral investment rating and raising the price target from $217 to $267.
Currently, Coinbase is trading at $297.87 in after-hours trading. According to Coinbase’s second-quarter results announced last week, its Q2 consumer spot trading volume declined by 45% and trading revenue decreased by 39% compared to the previous quarter.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
![[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"](https://media.bloomingbit.io/PROD/news/8c7118c8-560c-45ee-b17c-33941c08bb67.webp?w=250)
![[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"](https://media.bloomingbit.io/PROD/news/fa06d293-8d64-4e15-8420-70b42038247c.webp?w=250)