Mizuho Maintains Underperform on Coinbase Glb, Raises Price Target to $60
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 $54 to $60.
January 18, 2024 | 4:59 pm
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Mizuho analyst Dan Dolev maintains an Underperform rating on Coinbase Global but raises the price target from $54 to $60.
While the increase in price target could be seen as a positive signal, the Underperform rating suggests that the analyst believes the stock will not perform as well as the broader market. This mixed message may lead to a neutral short-term impact on the stock price, as the market digests both the positive and negative aspects of the analyst's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100