#CNBC JPMorgan upgrades Coinbase, says stock still cheap despite 40% rally this year

JPMorgan upgrades Coinbase, says stock still cheap despite 40% rally this year
CNBC’s MacKenzie Sigalos reports on JPMorgan’s new $404 price target for Coinbase, citing potential upside from USDC and the possible launch of a Coinbase-native token that could unlock billions in value.

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