Citigroup Maintains Neutral on Coinbase Glb, Raises Price Target to $151
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen has maintained a Neutral rating on Coinbase Global, Inc. (NASDAQ:COIN) and increased the price target from $90 to $151.
January 19, 2024 | 10:49 am
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Citigroup has maintained a Neutral rating on Coinbase Global, Inc. but raised its price target from $90 to $151, indicating a positive outlook on the company's valuation.
The increase in price target from $90 to $151 by Citigroup reflects a more optimistic valuation of Coinbase Global, Inc. by the analyst. This could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may view the new price target as a sign of the company's improved prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100