Coinbase Analyst 'Cautiously Optimistic' On Stock With Balanced Risk/Reward, Says Regulatory Environment Is Positive And Negative
1. Goldman Sachs analyst gives COIN a Neutral rating with $195 price target. 2. Analyst sees balanced risk/reward and long-term growth for COIN. 3. Positive regulatory environment may attract competitors, impacting COIN's market share. 4. Sustainable profitability expected even if crypto prices fall by 50%. 5. COIN is down 26% year-to-date amidst price volatility.