Coinbase stock gets a boost from J.P. Morgan, as analyst recommends investors buy
May 25, 2021 at 12:06 PM EDT
Shares of Coinbase Global Inc. rallied Tuesday, after J.P. Morgan analyst Kenneth Worthington recommended investors buy, saying the company occupies a "key position" in the U.S. market for cryptocurrency transactions, a technology which is expected to become more embedded in financial markets.