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 08, 2024 | 9:08 am
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Goldman Sachs upgraded Coinbase Global to Neutral from Sell 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 reduces negative sentiment, while a high price target of $282 suggests a positive outlook on the stock's future performance. This can lead to increased investor confidence and potential short-term price appreciation.
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