Oppenheimer analyst: Coinbase stock may face volatility in the near future due to U.S. SEC lawsuit
Oppenheimer investment bank analyst Owen Lau pointed out that Coinbase continues to face legal uncertainty due to its lawsuit against the US Securities and Exchange Commission (SEC) for alleged violations of securities laws. This may mean that the company's current stock price of $125 may experience fluctuations. Previously, Bloomberg analyst Elliot Stein revealed that Coinbase had a 70% chance of winning the lawsuit. In response to this, Owen Lau stated that although Coinbase's stock price has fallen by about 28% in the past 30 days, it still has a growth rate of 67% in the past three months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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