Coinbase shares are trading higher after JP Morgan upgraded the stock from Underweight to Neutral and announced an $80 price target.
Portfolio Pulse from Benzinga Newsdesk
Coinbase shares are trading higher following an upgrade from JP Morgan, moving from Underweight to Neutral, with a new price target set at $80.
February 15, 2024 | 2:00 pm
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POSITIVE IMPACT
Coinbase's stock is experiencing a positive movement after JP Morgan upgraded its rating to Neutral and set a price target of $80.
The upgrade by JP Morgan, a major financial institution, signals a positive reassessment of Coinbase's value and market position. This upgrade is likely to instill confidence in investors and could lead to increased buying activity, pushing the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100