D.A. Davidson analyst Gil Luria boosts his price target for Coinbase Global (COIN) to $440 from $195, as its far better-than-expected preliminary Q1 results provides a "terrific setup" for its pending direct listing.Rates the cryptocurrency exchange firm as Buy.Price target reflects 20x multiple on 2021 revenue.Preliminary revenue of $1.6B beat Luria's estimate of $614M; adjusted EBITDA of ~$1.1B also was far higher than expectations.Coinbase expects its class A common stock to start trading as of April 14.