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Piper Sandler says buy the dip in Coinbase, stock can rise nearly 40%

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

Michael Nagle | Bloomberg | Getty Images

The recent slide for Coinbase has gone too far and investors should buy into the stock before it bounces back like some of the major cryptocurrencies, according to investment firm Piper Sandler.

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