Coinbase occupies 'key position' as trust in cryptocurrencies grows, and they become embedded in financial markets. Shares of Coinbase Global Inc. surged Tuesday, after J.P. Morgan analyst Kenneth Worthington recommended investors buy, saying the company occupies a "key position" in the U.S. market for cryptocurrency transactions, a technology which is expected to become more embedded in financial markets. Worthington initiated coverage of Coinbase with an overweight rating and a stock price target of $371, which is about 55% above current levels.