This Little-Known Fact Is Why Coinbase Stock Is On Track to Keep Going Higher
Coinbase Global (NASDAQ: COIN) has been on a tear recently as crypto enters a new bull market. Over the last year alone, its stock is up a whopping 300%. However, there is one looming possible problem: A potential lawsuit with the Securities and Exchange Commission (SEC).
Initially, it seemed like a death blow for Coinbase, as the SEC made some serious accusations that could jeopardize the company's operations here in the U.S. However, as is natural in crypto, things change quickly.
Since last year, the regulatory and political landscape around crypto has made a near 180-degree turn and appears to be increasing Coinbase's chances of escaping. With an exploration of the SEC's allegations and breaking down recent developments, it will be easy to see how a potential victory in the courtrooms is not likely but would be a catalyst for Coinbase in the long term.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 161 € is below the current price of 223.8 € for Coinbase Global Inc., so the potential is actually -28.06%.
