COIN stock rises as analysts become more optimistic after earnings improvement.

Canaccord Genuity maintained a Buy rating on the stock and increased its price target from $140 to $240. The company noted that positive winds are blowing across its business and industry.

JMP Securities maintained its Outperform rating and increased its price target from $200 to $220. He said he was pleased with the exchange’s fourth quarter performance and the outlook was even more encouraging.