Wedbush Maintains Outperform on Coinbase Glb, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Moshe Katri has maintained an Outperform rating on Coinbase Global (NASDAQ:COIN) and increased the price target from $110 to $180.
January 11, 2024 | 2:54 pm
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POSITIVE IMPACT
Wedbush analyst Moshe Katri reaffirms an Outperform rating on Coinbase Global and raises the price target to $180, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Moshe Katri suggests a strong conviction in the company's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment around Coinbase Global improves.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100