neutral rating

On February 22, JPMorgan Chase said in a research report on Tuesday that the adjusted loss per share (EPS) of Coinbase (COIN) in the fourth quarter was $2.46, which was higher than JPMorgan Chase’s expected loss per share of $2.85, but lower than Bloomberg’s generally expected loss per share of $2.17. The bank raised the target price of Coinbase from $52 to $57, but maintained a neutral rating. As of the time of press release, the share price of Coinbase fell 1.5% to US $61.16 in pre-market trading. Interpretation of…