Goldman Sachs Upgrades Coinbase Glb to Neutral, Announces $282 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance upgraded Coinbase Global (NASDAQ:COIN) from Sell to Neutral and set a price target of $282.
March 07, 2024 | 9:14 pm
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Goldman Sachs upgraded Coinbase Global from Sell to Neutral and set a $282 price target.
Upgrades by major financial institutions like Goldman Sachs can significantly influence investor sentiment and stock prices. Moving from a Sell to a Neutral rating suggests a more favorable outlook on the company's future performance. The announcement of a $282 price target indicates a bullish view on the stock's potential, likely leading to increased investor interest and potentially a short-term price increase.
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