Coinbase (COIN) rallies as crypto rises. Alex Coffey and Jenny Horne discuss COIN as Oppenheimer reiterates COIN's outperform rating. They note that Oppenheimer cut COIN's price target to $70 from $84. They talk about how the SVB Bank (SIVB) collapse could be good for bitcoin and Coinbase. They go over how COIN is up over 68% year-to-date. Alex then demonstrates an example trade using COIN. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.
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