Goldman Sachs Maintains Sell on Coinbase Glb, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance maintains a 'Sell' rating on Coinbase Global (NASDAQ:COIN) and raises the price target from $45 to $51.
August 04, 2023 | 3:28 pm
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Goldman Sachs maintains a 'Sell' rating on Coinbase Global and raises the price target from $45 to $51.
The news directly pertains to Coinbase Global (COIN). Goldman Sachs' maintained 'Sell' rating indicates a negative outlook for the stock. However, the raised price target from $45 to $51 suggests a slightly less bearish stance than before. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100