Needham Maintains Buy on Coinbase Glb, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro has reaffirmed a Buy rating on Coinbase Global (NASDAQ:COIN) and increased the price target from $120 to $160.
December 05, 2023 | 11:55 am
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Needham analyst John Todaro maintains a Buy rating on Coinbase Global and raises the price target from $120 to $160, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100