Coinbase (COIN), Robinhood (HOOD) Upgraded by Barclays Analyst, Citing ‘Matured’ Business Models

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By Maya Cantina

“While we continue to see risks to Coinbase, we think the improving environment, P&L profile, gradual but continued diversification, clear sector leadership in the U.S., and recent stock performance point to a more balanced risk/reward, and we have moved to Equal Weight,” the analyst wrote.

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