Oppenheimer Upgrades Coinbase Glb to Outperform, Maintains Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Owen Lau has upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Perform to Outperform while maintaining the price target at $160. This upgrade reflects a positive view on the company's future performance.
January 26, 2024 | 10:57 am
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Coinbase Global, Inc. has been upgraded by Oppenheimer from Perform to Outperform, indicating a bullish outlook on the stock, with the price target reaffirmed at $160.
Upgrades by analysts often lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. Maintaining a high price target indicates a belief that the stock is undervalued at its current price, which can encourage investors to buy.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100