JP Morgan Upgrades Coinbase Glb to Neutral, Announces $80 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington upgrades Coinbase Global (COIN) from Underweight to Neutral and sets a new price target of $80.

February 15, 2024 | 10:15 am
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POSITIVE IMPACT
Coinbase Global upgraded by JP Morgan from Underweight to Neutral with a new price target of $80.
Upgrades by major financial institutions like JP Morgan typically lead to positive short-term price movements. The upgrade from Underweight to Neutral suggests a more favorable outlook on COIN by JP Morgan, potentially leading to increased investor confidence and buying activity. The announcement of an $80 price target further supports this positive sentiment, indicating an expected upside from current levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100