Coinbase and MicroStrategy have seen significant gains of 8% and 12%, respectively, in early-day trading.
The surge in stock prices coincides with Bitcoin’s climb above the $72,000 mark.
Crypto-related companies started the week on a positive note as Bitcoin reached above $72,000 for the first time since mid-March.
Shares of Nasdaq-listed Coinbase and MicroStrategy rose by 8% and 12%, respectively, during early morning trading in New York. Coinbase shares surpassed $260, while MicroStrategy’s stock surged beyond the $1,600 mark within the past 24 hours, as per TradingView data at 10:00 a.m. ET.
Coinbase Price Target Raised
Oppenheimer, a New York-based financial firm, recently raised Coinbase’s share price target to $276 from a previous target of $200 while maintaining its buy rating. This increased target represents a roughly 6% rise from Monday’s opening share price for Coinbase.
Oppenheimer analyst Owen Lau…
