Barclays Downgrades Coinbase Glb to Underweight, Raises Price Target to $70
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Benjamin Budish has downgraded Coinbase Global (NASDAQ:COIN) from Equal-Weight to Underweight, while raising the price target from $61 to $70.

July 13, 2023 | 9:51 am
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Coinbase Global has been downgraded to Underweight by Barclays, but the price target has been raised to $70.
The downgrade to Underweight suggests that Barclays believes the stock will underperform the market or its sector in the short term, which could lead to a decrease in its stock price. However, the increase in the price target indicates that Barclays sees some potential for the stock's price to rise in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100