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Needham says Coinbase is a buy and expects stock to bounce back to its IPO-day highs

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City.

Robert Nickelsberg | Getty Images

Coinbase should be able to claw back its losses since its initial public offering as the strength of its platform and new revenue opportunities come into focus, according to investment firm Needham.

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