Compass Point initiates coverage of Coinbase Global ([[COIN]] -2.0%) with a Neutral rating as concerns about compression in retail pricing weighs against the strength of near-term trading volumes and its attractive valuation.Compass also says it has questions about Coinbase's ability to develop and grow other revenue sources to offset the expected retail pricing compression.Sets price target of $325 vs. the average price target of ~$420.The Neutral rating contrasts with the average Wall Street analyst rating of Bullish (6 Very Bullish, 3 Neutral).Coinbase reports Q1 results after the close today, SA contributor Brian Gilmartin provides a preview.COIN's total return outperforms bitcoin and S&P 500 over the past month as seen in chart below.Meanwhile, contributor David Trainer doesn't expect Coinbase to fulfill profit expectations due to rising competition in crypto.