Barclays Reiterates Underweight on Coinbase Glb, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish has reiterated an Underweight rating on Coinbase Global (NASDAQ:COIN) and maintained a price target of $70.
August 04, 2023 | 3:09 pm
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Barclays analyst has reiterated an Underweight rating on Coinbase Global, maintaining a price target of $70.
The reiteration of an Underweight rating by Barclays indicates a negative outlook for the stock. The maintained price target of $70 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
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