Mizuho Maintains Underperform on Coinbase Glb, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has maintained an Underperform rating on Coinbase Global (NASDAQ:COIN) but increased the price target from $31 to $35.

November 29, 2023 | 5:09 pm
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Mizuho analyst reaffirms Underperform rating on Coinbase Global, but raises price target to $35, indicating a potential downside risk despite a slight increase in target.
The maintenance of an Underperform rating suggests that the analyst believes the stock will not perform as well as the broader market. However, the increase in the price target could imply that the downside risk may not be as severe as previously thought, but still present. This mixed signal might lead to short-term uncertainty among investors, potentially causing a negative impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100