JMP Securities' Bullish Stance on Coinbase (COIN)

<p>Reflecting their bullish take on the crypto economy, analysts at JMP Securities initiated coverage of the cryptocurrency exchange platform Coinbase (COIN) with a market outperform rating and $300 price target. JMP analyst Devin Ryan says Coinbase will be a leader and major player in the secular growth of cryptocurrencies while at the same time is differentiated enough to stand alone as an investable company. </p>