Coinbase Global shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral and lowered its price target from $65 to $60.
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Coinbase Global's stock from Overweight to Neutral and lowered the price target from $65 to $60. This has resulted in Coinbase Global shares trading lower.
July 05, 2023 | 12:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Coinbase Global's stock has been downgraded by Piper Sandler, leading to a decrease in share price.
The downgrade of Coinbase Global's stock by Piper Sandler from Overweight to Neutral and the lowering of the price target from $65 to $60 has led to a decrease in the share price. This is a direct impact on the stock and is likely to influence investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100