Coinbase Divides Wall Street. But the Bulls Are Getting More Bullish.

Investors are split on


Coinbase Global



Coinbase Global


Many are betting on continued declines for shares in the cryptocurrency broker, while others are beginning to see a beaten-down stock at an attractive price. The bulls, at least, have been getting more bullish.

Shares in Coinbase (ticker: COIN) have rallied by more than 25% over the past five days—and were up a further 1.6% in premarket trading Thursday—but that belies what has otherwise been a painful stretch, with the stock down 80% in the last year.