Goldman Sachs Maintains Sell on Coinbase Glb, Raises Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Sell rating on Coinbase Global (NASDAQ:COIN) but increased the price target from $55 to $123.

December 07, 2023 | 2:33 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Sell rating on Coinbase Global but raises the price target from $55 to $123.
While the Sell rating suggests a negative outlook on the stock, the substantial increase in the price target from $55 to $123 could be seen as a positive revision of the company's valuation, potentially leading to mixed reactions in the short term. The impact score is neutral because the upgrade in price target may offset some of the negative sentiment from the Sell rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100