Coinbase stock rises on BofA upgrade even as bitcoin slips toward $90,000
Coinbase shares rose 1.4% to $249.42 after Bank of America upgraded the stock to “Buy” and set a $340 target. Bitcoin fell 2.3% to about $90,500, pressuring crypto-linked stocks. Director Frederick R. Wilson sold 10,000 Coinbase shares on Jan. 2, according to an SEC filing. Investors are watching Friday’s U.S. jobs report and Coinbase’s next earnings, expected Feb. 19.