B of A Securities Maintains Underperform on Coinbase Glb, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Kupferberg maintains an 'Underperform' rating on Coinbase Global (NASDAQ:COIN) and raises the price target from $49 to $58.
July 25, 2023 | 2:47 pm
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B of A Securities maintains an 'Underperform' rating on Coinbase Global, but raises the price target from $49 to $58.
The 'Underperform' rating suggests that the analyst expects Coinbase Global's stock to do worse than the market average. However, the increase in price target from $49 to $58 indicates a slightly more positive outlook than before, which could potentially limit the downside.
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