Coinbase's Subscription Gains, Deribit Acquisition, Blockchain Revenue Strength Prompt Analyst Support
1. Wall Street rerated Coinbase after disappointing Q1 results. 2. Rosenblatt maintained Buy rating; price target set at $260. 3. Transaction revenue missed expectations despite strong monthly active users. 4. Acquisition of Deribit could enhance Coinbase's international market position. 5. Lower trading volumes expected in Q2, impacting revenue forecasts.