Coinbase (COIN) upgraded at JPMorgan following Bitcoin rally

Futures higher, Berkshire Hathaway slashes Apple stake - what's moving markets

Investing.com -- U.S. stock futures inch higher, pointing to a continued recovery on Wall Street from a decline posted earlier this week. Cisco Systems (NASDAQ: CSCO) lowers its annual guidance and outlines plans to slash headcount, as executives at the network equipment manufacturer warn of weak future demand. Elsewhere, Warren Buffett's Berkshire Hathaway (NYSE: BRKa) cuts its stake in tech giant Apple (NASDAQ: AAPL).

1. Futures edge up

U.S. stock futures gained... More

Coinbase (COIN) February 160 straddle into quarter results

Coinbase (NASDAQ: COIN) February 160 straddle priced for a move of 13% into the expected release of quarter results today after the bell.

Coinbase (COIN)

Stocks expected to have increasing option volume: COIN CROX FSLY QS DE TWLO FROG QS WH SPWR IOVA WEN H

JPMorgan Upgrades Coinbase Global Inc. (COIN) to Neutral, 'Surge in Bitcoin Price Takes Crypto Market and Coinbase Earnings Power Higher'

(Updated - February 15, 2024 4:28 AM EST)

JPMorgan analyst Kenneth Worthington upgraded Coinbase Global Inc. (NASDAQ: COIN) from Underweight to Neutral with a price target of $80.00.

The analyst comments "We are upgrading Coinbase from Underweight to Neutral reflecting the surge in Bitcoin, Ethereum and broader cryptocurrency prices. We have been quite concerned that the enthusiasm in Bitcoin over the last three months was being driven by unrealistic optimism for new money going into the cryptocurrency market... More

Crypto stocks rally as Bitcoin price continues to climb

Cryptocurrency stocks are rising Wednesday on the back of the continued climb in the price of Bitcoin, which has climbed a further 4%.

Bitcoin is currently trading around $51,770, its highest level since December 2021. The rise has taken its market cap to $1 trillion. Ethereum, the second-largest cryptocurrency, is up... More