Mizuho Maintains Underperform on Coinbase Glb, Raises Price Target to $54
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 $35 to $54.
December 22, 2023 | 3:25 pm
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Mizuho has maintained an Underperform rating on Coinbase Global but raised the price target from $35 to $54, indicating a potential downside risk but with a less bearish outlook than before.
The maintenance of an Underperform rating suggests that Mizuho's outlook on Coinbase Global remains negative, implying a potential decrease in stock price. However, the increase in the price target may soften the impact as it reflects a less negative valuation than previously assessed.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100