Analysts say Coinbase had an explosive first quarter in cryptocurrency trading.

The broker reiterated its market outperform rating and price target of 0. Canaccord Genuity raised its price target from 0 to 0 while maintaining its buy rating. KBW also increased its price target from 0 to 0 and reiterated its market performance rating. The stocks were down 3.6% at 0.62 in early trading on Friday.

Investors will be keeping a close eye on how the stock performs in the coming days following these price target updates from Canaccord Genuity and KBW. The market outperform rating from the broker adds to the positive sentiment surrounding the stock. With the stock currently trading at 0.62, it will be interesting to see if it can reach the new price targets set by analysts. Keep an eye on this stock for potential movement in the market.