Atlantic Equities Downgrades Coinbase Glb to Neutral, Raises Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
Atlantic Equities analyst Simon Clinch has downgraded Coinbase Global (NASDAQ:COIN) from Overweight to Neutral, while raising the price target from $70 to $80.
July 12, 2023 | 9:38 am
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NEUTRAL IMPACT
Coinbase Global has been downgraded to Neutral from Overweight by Atlantic Equities, but the price target has been raised from $70 to $80.
The downgrade to Neutral suggests that the analyst sees limited upside potential for the stock in the near term. However, the increase in price target from $70 to $80 indicates that the analyst still sees some potential for the stock's price to increase, albeit at a slower pace. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100