The brokerage kept its bullish view on Coinbase (crypto exchange) even as first-quarter results came in below expectations, joining other firms that maintained positive ratings.
Benchmark has reiterated its Buy rating on Coinbase (cryptocurrency exchange) despite the company’s lackluster first-quarter earnings. The call suggests the firm still sees longer-term value in Coinbase’s business model even after a softer quarterly update. The move also aligns with other market participants that have continued to support the stock, reflecting ongoing debate over Coinbase’s earnings power, trading activity, and exposure to broader crypto market conditions.