Deep Dive Into Coinbase Glb Stock: Analyst Perspectives (14 Ratings)
Portfolio Pulse from Benzinga Insights
Coinbase Global, Inc. (NASDAQ:COIN) has received mixed analyst ratings over the past three months, with 14 analysts offering a range of opinions. The average 12-month price target is $115.29, up 31.26% from the previous target of $87.83. Analysts from firms like Oppenheimer, JP Morgan, Citigroup, Mizuho, Wedbush, Needham, JMP Securities, and Goldman Sachs have updated their ratings and price targets, reflecting their views on the company's market performance and future prospects. Coinbase is a leading cryptocurrency exchange platform in the U.S., expanding its services beyond transaction fees through internal investment and acquisitions.
January 26, 2024 | 12:00 pm
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Coinbase Global, Inc. has seen a variety of analyst ratings, with recent updates suggesting a higher average price target. The company's expansion and revenue growth are positive, but it faces challenges with profitability and efficiency metrics.
The mixed analyst ratings and the increase in the average price target suggest uncertainty but a positive outlook for COIN. The company's growth and expansion into new areas are promising, yet concerns about profitability and efficiency could temper investor enthusiasm in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100