Despite Volume Drop, Coinbase Analyst Highlights Stablecoin Momentum, Competitive Edge
1. COIN trading volumes significantly declined, impacting short-term revenue. 2. Analyst maintains a Buy rating with a target price of $305. 3. USDC growth is strong, benefiting Coinbase's position in stablecoins. 4. Market sentiment may overlook non-trading revenue potential. 5. Shares declined by 2.8%, trading at $198.37.