JP Morgan Maintains Neutral on Coinbase Glb, Raises Price Target to $61
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Kenneth Worthington maintains a Neutral rating on Coinbase Global (NASDAQ:COIN) and raises the price target from $59 to $61.

August 04, 2023 | 11:48 am
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Coinbase Global and raises the price target from $59 to $61.
The news is directly about Coinbase Global. JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $59 to $61 suggests a slightly positive outlook, but not enough to change the score from neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100