Unveiling 20 Analyst Insights On Coinbase Glb
Portfolio Pulse from Benzinga Insights
20 analysts have recently updated their ratings on Coinbase Global (NASDAQ:COIN), showing a diverse range of opinions from bullish to bearish. The average 12-month price target is now $153.4, up 36.26% from the previous $112.58, indicating a positive sentiment shift. Analysts from firms like Goldman Sachs, JMP Securities, and HC Wainwright & Co. have raised their price targets, reflecting optimism about Coinbase's market position and financial performance, including a notable revenue growth rate and strong profitability metrics.
February 20, 2024 | 4:00 pm
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POSITIVE IMPACT
Coinbase Global has received a range of analyst ratings, with a notable increase in its average 12-month price target to $153.4, indicating a positive outlook on its financial performance and market position.
The increase in the average price target for COIN, along with positive financial indicators such as a revenue growth rate of 51.61% and a net margin of 28.66%, suggests analysts are optimistic about Coinbase's future performance. This optimism is likely to positively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100