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TechFlow, August 4 — According to CoinDesk, investment firm Benchmark has reiterated its "buy" rating on Coinbase, maintaining a target price of $421. Analyst Mark Palmer stated that although Coinbase's second-quarter results fell short of expectations, causing its stock to drop 16.7% last Friday, this is merely a short-term fluctuation, and the company's long-term investment value remains solid.
According to CoinDesk, investment firm Benchmark has reiterated its "buy" rating on Coinbase, maintaining a target price of $421. Analyst Mark Palmer said that although Coinbase's second-quarter results fell short of expectations, causing its stock to drop 16.7% last Friday, this is merely a short-term fluctuation, and the company's long-term investment value remains solid.
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